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Mtechtips MCX-SX JPYINR intraday trading analysis 23-02-2015

Mtechtips MCX-SX JPYINR intraday trading analysis 23-02-2015
Mtechtips Mcx-Sx Yen Rupee Future On Last Trading Session Closed At 52.42 With Gains. On Daily Chart Yen Is Trading In Range With Very Low Volatility. Here 52.85 Is Strong Resistance And If Yen Gives Closing Above It Then Expect Sharp Short Covering Rally For Yen With Price Target Of 54 Rupee To 54.9 Rupees. On Downside Bottom Of 51.8 Is Support As Well As Stop Loss For Long Trades In Yen Future.
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