yen rupee future above 59.4 remain buy tgt 63 and 65

yen rupee future technical analysis 9 march 2016

yen rupee future technical analysis 9 march 2016

Yen after correction against rupee resumed primary trend today and given strong positive closing.   On downside, 59.6 and then 57.8 are strong short term averages support zones as well as buying levels. On upside 61.5, 63 and then 65 are resistances as well as target zones for this reversal move.   Traders above 59.4 keep long view for jpy inr future with strict stop loss for targets 63 and 65 which can be expect till end of March expiry. Closing below 59.4 means stronger rupee and weaker yen.

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