USD/JPY TECHNICAL OUTLOOK : 26.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 100.79 and made high of 101.24 and was trading volatile between range of 100.60-101.25 levels the pair likely to be range bound between the range of 100-102 for coming sessions , 99.50 will act as a strong support while the strong resistance is coming at 103 so pair is likely to be volatile in this range, but intraday can see some bounce
Fundamental Overview
Yen is trading at 100.97, remaining supported against the US dollar as risk off sentiment returns to haunt the markets. With the markets remaining disappointed with the bank of Japan stimulus program, we can expect further strength in the Yen. With uncertainty surrounding the US elections, expect the Yen to test 100.00 in the coming days.
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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USD/JPY. Pair after opening at 100.79 and made high of 101.24 and was trading volatile between range of 100.60-101.25 levels the pair likely to be range bound between the range of 100-102 for coming sessions , 99.50 will act as a strong support while the strong resistance is coming at 103 so pair is likely to be volatile in this range, but intraday can see some bounce
Fundamental Overview
Yen is trading at 100.97, remaining supported against the US dollar as risk off sentiment returns to haunt the markets. With the markets remaining disappointed with the bank of Japan stimulus program, we can expect further strength in the Yen. With uncertainty surrounding the US elections, expect the Yen to test 100.00 in the coming days.
