USD/JPY TECHNICAL OUTLOOK:26.10.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at104.21 and made high of 104.87 and saw some buying in our session the pair has been trading in the with high low in the hourly charts and has tested the 61.8 Fibonacci levels of July high and now started to correct so for today likely to be in the range of 103.85-104.80 with supply coming in at higher levels.
Fundamental Overview
Yen is trading at 104.26, after a volatile US session. USDJPY almost reached our expected target of 105 but revered quickly as the US dollar pared gains. US dollar has been the primary mover for the currency and it would continue to remain so. We continue to expect a move towards 105.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Yen is trading at 104.26, after a volatile US session. USDJPY almost reached our expected target of 105 but revered quickly as the US dollar pared gains. US dollar has been the primary mover for the currency and it would continue to remain so. We continue to expect a move towards 105.
