jpy inr weekly predictions for 30 may to 3 june 2016

jpy inr weekly predictions for 30 may to 3 june 2016 Jpy inr future this week closed with gain. After last 2 weeks negative closing yen closed with gain against rupee.   For next week, jpy inr future below 62.2 remain bearish and sell on rise. On downside yen rupee weekly chart showing support zones at 61 and 60.2 which are tgts for next week.   On upside 61.7 and 62.2 are strong resistances as well as fresh short entry zones for yen.   Jpy inr monthly chart suggesting topped pattern for yen. So expect weaker yen and downside for jpyinr future. On downside 59.6 and 56 are medium to long term tgts for yen rupee future if holds 63.1 top.

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Pramod Baviskar

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