JPY/INR weekly-almost hit bearish TGT 56.8, next level to watch 56 rupee

YEN RUPEE weekly prediction for 11 dec. to 15 Dec. 2017

 

Jpy/inr future this week closed at 56.94 with loss.

this week yen given breakdown below 57.55 and almost hit sell target of 56.8 with low at 56.91 rupee.

for next week, watch 56.8 support if slips below it then expect lower level up to 56 rupee, but keep in mind paid is trading in deeply oversold zones.

from long term view, yen is once heading for previous lows of 56.5 against rupee.

 

 

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Pramod Baviskar

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