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Dealmoney - Commodity Daily - 22-Jan-20	Download pdf

JPYINR

• JPYINR after testing recent low of 64.45 is range bound with positive bias

• Pair has formed four consecutive positive candle but it is still lacking strength

• At higher levels of 65, Yen could face resistance and 50 DMA is also placed at 65.45 levels

• Intraday trader can use rise in price to initiate short position keeping stop loss to 65.25 levels