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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-08-2015

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-08-2015
Mtechtips JPYINR – Buy above 72.76 Yen traded flat Monday as concerns over Chinese yuan waned after People’s Bank of China intervened to check yuan’s depreciation amid strong dollar in the global market following upbeat economic data in the US. JPYINR settled almost flat at 52.5675 levels. On EOD chart the two similar top candle stick formation is looking like double top pattern. Further strong resistance level is seen at 52.75 only a break above could bring positive move towards 53.10-53.40 levels again.
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