Jpy inr weekly-remain bullish above 57.8

Yen rupee future weekly technical analysis report for 29 may
to 2 June 2017

Jpy inr future this week closed at 58.07 with flat gains. After
last week strong gains yen holding gains and closed flat positive. This week
yen rupee traded in narrow range and closed flat positive. On downside hit low
of 57.7 and on upside hit high around 58.4.
Yen rupee future is still downtrend but above short term
average with strong bullish momentum. For next week, Above 57.8 jpyinr future remain
buy on dips for targets 58.35 and 59.3.

From long term view, yen rupee future opened bearish in 2017
and now showing strong reversal signs for long term recovery target of 61.

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Pramod Baviskar

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