Jpy inr weekly-achieved 57.1 now heading for 56.2

Yen rupee future weekly technical analysis report for 15 to 19 may 2017

Yen rupee future weekly technical analysis report for 15 to 19 may 2017

Jpy inr future this week closed at 56.62 with another weekly loss. On chart, yen rupee currency pair is in absolute downtrend and hit my given bearish swing target of 57.1 and with another fresh strong breakdown heading for 56.2 support which is second bearish target zone for jpyinr future. On upside 57 and 57.2 are resistances as well as fresh short entry zones with stop loss.   From long term view, yen rupee future opened bearish in 2017 and from then trending down towards long term targets of 52.5 and below.

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