yen rupee future weekly technical analysis-trending towards 62-64 zone

yen rupee future technical analysis for week 29 feb to 4 march 2016

yen rupee future technical analysis for week 29 feb to 4 march 2016

Yen rupee future this week closed with gain. After last week dip, yen resumed primary trend and closed with gain. This week jpy inr future seen almost 1.5 rupee or 3% range and closed in green. For next week, jpy inr future support zones are 60.7 and 58.5. While on upside 62.3 and 64.5 are resistances as well as target zones for current rally. Traders above 60.7 must keep buy and accumulate view with stop loss for upside targets. From medium to long term view, yen is heading for 65 rupee target. Daily as well as weekly chart price and indicators patterns are strong bullish.   for currency derivative tips by sms visit subscription section.

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