jpyinr weekly-peaked out corrective tgts 60.7-59.6

jpyinr weekly-peaked out corrective tgts 60.7-59.6 Jpy inr future this week closed with loss at 61.02.   Yen rupee future almost achieved my second target of 62.2 with high of 61.84. After breakout above 60.7 which was previous target given strong rally.   Now technical pattern suggesting jpy inr future has peaked out and now time to correct.   On downside 60.7 and 59.6 are support as well as target zones for this correction phase.   Weekly closing below 59.6 means downtrend for yen.

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Pramod Baviskar

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