Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-01-2017
MTECHTIPS Jpy inr future hit 60.3 target now looking weak
Yen rupee future this week closed with loss. We saw strong rally after breakout above 58.95 for target 60.3. Jpy inr future hit my given target of 60.3 and now correcting towards support zones. Below 58.95, expect deep downside for yen up to 56.95 rupee level.
From long term view, yen below 60.95 will remain weak and sell for target of 53 and below.
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