Jpyinr future monthly-above 57.95 remain buy and accumulate for targets 59.45- 60.4

Yen rupee future monthly outlook June 2017

Yen rupee future in month of May closed at 58.51 with strong
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.
For month of June 2017, jpy inr future outlook remain bullish
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.
While below 57.95, expect weakness to continue and lower
levels up to 57 and then 55.55. This month expect wide swings and range for yen
rupee future on news flows.
Currency traders above 57.95 keep buy on dips view and
expect 59.45 and then 60.5 levels as target zones for this series. 
From long term view, yen rupee future opened bearish and hit
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.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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