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USDINR & JPYINR: Moving Sharply

  • USDINR & JPYINR - Sharp Decline
jpyinr signals
jpyinr signals

JPYINR – Continued Bullish Pressures

According to secret sources, JPYINR will try to break the 58 level. If this pair will show closing above 58 level then we may see 58.4-59 levels. And we see closing below to resistance line (red) can be a direct indication it will hit 56.8 – 56.2 levels soon.

usdinr-moneymunch-1-16-14

USDINR – Continued Weakness But…

Support: 63.75 level
Strong Support: 63.5 level

Supports breakout will indicate a downtrend. I recommend selling after the breakout of support levels.

Targets: 63.15 – 62.6 levels


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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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