Yen rupee future monthly outlook June 2017
gains. After last 3 month continues weakness yen seen some value buying as well
as short covering from oversold zones. This month yen rupee future recorded low
at 56.5 while high was around 59. Total 2.5 rupee or 4.5% range and closing
almost near month high.
above 57.95 support level on daily closing basis. On upside my bullish swing
targets for June series are 59.45 and then 60.4.
levels up to 57 and then 55.55. This month expect wide swings and range for yen
rupee future on news flows.
expect 59.45 and then 60.5 levels as target zones for this series.
low around 56.5 and now recovering towards major 2017 resistance level of 61
rupee which can be expect in next 1-2 months. Jpy inr weekly chart suggesting
Bull Run for 2017 and tgts of 61 and then 66.4 for this year.