jpyinr weekly technical call for 4 to 8 jan 2016

jpyinr weekly technical call for 4 to 8 jan 2016
yen rupee future this week closed with gain at 55.31.
jpy inr weekly chart price trend and momentum both are bullish
but prices are in overbought area.
For medium term, jpy inr support zones are 54.3 and 53.2.
On upside expect strong resistance at 55.5 and 56.4 levels.
For next week , use 55.5 and above levels to go short
with stop loss for swing target 54.3.
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Pramod Baviskar

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