Jpy inr oversold targets 58.65 and 56.3
Yen rupee future on last trading session closed at 60.07 with heavy loss. Jpy inr future is in downtrend and momentum is strong bearish for yen. Yen has given strong breakdown at 62.25 and below it. On downside for month of December 2016, . Yen already technically oversold on daily chart but last session move was fresh breakdown on short selling. Weekly closing above, 62.25 . On reversal, yen rupee will trend higher towards targets of 64.7 and 68 rupees in December. is bearish and suggesting this long term correction phase might continue on downside towards my targets 59.55-57.32 and 54.2.