USD/JPY TECHNICAL OUTLOOK : 16.09.2016

USD/JPY TECHNICAL OUTLOOK : 16.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE


 Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
USD/JPY. Pair after opening at 102.37 and made a high of 102.75 and was seen selling pressure from the higher levels the trend line marked in the report few days back, the pair is having a key support at 100-99.50 and strong supply is coming in around 104 levels the pair is likely to be range bound

Fundamental Overview

Yen is trading at 101.90, appreciating against the US dollar after the US retail sales data. With the rate hike off the table, focus would now be on the bank of Japan meeting next week. Expect a retest of 100.00 before a move back higher.

Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
00:00:00 JPY Industrial Production (MoM) (Jul)
Presented by

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.