yen heading towards previous swing high 56

jpy inr weekly predictions for 30 nov. to 4 dec. 2015

Yen rupee future this week closed with strong gains at 54.75. After last week support testing yen given reversal and trending higher towards previous swing high of 56 rupees. On downside 53.95 and 53.35 are major averages supports. While on upside 54.95 and 55.9 are strong resistances for next week.
However trend is bullish, traders must keep sell at resistance strategy as RBI intervention and intermittent intraday weak moves in yen can push pair to support zones.

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Updated: 28/11/2015 — 6:25 PM

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