yen rupee forecast for 9 to 13 sep 2013

yen rupee daily chart technical analysis

yen rupee or jpyinr spot currency pair on last trading session closed at 65.78 with loss.on daily chart yen is closed just above month average.on upside 66.5-68 and then 71 remain to be strong supply zones.66.5 also a week average while on downside 65 is month average and 62 is 3 month average and both are strong supports for now.

on indicators,yen rupee cci is +16 and off the highs.while rsi is at 56 and heading towards 50 for support?


yen rupee weekly chart technical analysis

yen rupee pair this week closed with heavy loss.on weekly chart after last 6 weeks straight run rupee showing some strength and so pair is started correction.

this week yen rupee pair made high near 69 while low was near 4 rupee week range and now heading towards supports.on weekly chart yen rupee pair major averages are around 61 levels hence remain most important from long term view.

on weekly chart,pound rupee cci is +168 and coming down from overbought zone.while rsi is at 59 and showing signs of correction.

yen rupee forecast for 9 to 13 sep 2013

for next week,below 66.5 hold short view for target 65 then 62 on downside.but any closing above 66.5 means trend is resumed and yen continue its upside move.

from medium to long term view,yen rupee pair is topped around 68 and remain as strong supply zone for now.rally triggered around 54 and hit high near almost 17 rupee rally and in longer view2/3correction means 60-59 levels on 60 may be possible target for now in medium term view as rupee gaining!!

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Pramod Baviskar

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