JPY INR Monthly report for November 2016

Free Yen rupee monthly tips for nov 2016 Free Yen rupee monthly tips for nov 2016 Jpy inr future on last trading session closed at 63.85 with loss. Yen rupee future is in downtrend on daily chart but technically oversold. For month of November 2016, jpyinr future below 64.55 pivot remain sell or bearish. But current daily chart price and indicators pattern suggesting yen is highly oversold and ready for bounce back minimum up to 64.55. On downside 63.6 is recent low as well as bottom for this currency. Above 64.55, jpy inr future will be bullish and buy for short to medium term traders. Above 64.55, jpy inr target zones as well as monthly resistance levels are 65.45 and 67.1. On downside 63 and 62 are support zones as well as target zones if downtrend persist after technical bounce back. Technical analysis and price pattern suggest yen rupee future might given breakout above 64.55 and minimum touch 65.45 level in this series. Jpy inr future weekly chart price trend and momentum both are strong bullish. After correction, yen rupee future has taken support around 62.7 and now heading towards previous highs of 65 and 67. From long term view, above 62.7, yen will remain buy against rupee for targets 65 and 67.

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Pramod Baviskar

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