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Mtechtips MCX-SX JPYINR intraday trading analysis 09-03-2015

Mtechtips MCX-SX JPYINR intraday trading analysis 09-03-2015
Mtechtips Mcx-Sx Yen Rupee Future On Last Trading Session Closed At 51.99 With Loss. On Daily Chart, Yen Is In Downtrend But Trading In Very Narrow Range. On Daily Chart, Jpyinr Future Month Pivot Point Level Is At 52.4 And Future Is Trading Below It Means Bearish Short Term Outlook With Price Targets At 51.65 And Then 51.25. These Levels Also Be Strong Support Zones On Downside. On Upside Above Pivot Level, 52.8 And 53.5 Are Strong Resistances As Well As Target Zones On Reversal Of Trend. Daily Chart Price And Indicators Pattern Are Bearish But On Recovery Side. Risky Traders Here Can Follow Buy On Dips View.
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