Iran has targeted Us troops in Iraq with Ballistic Missile which we believe will really take adverse inference on part of stock market around the globe and this pair has no exception.
Safe Heaven Yen!
Therefore, we are in view of selling this market below. 111.72 with the stop loss of. 112.04 and target for the day would be appropriate around, 111.05&110.09 zone.
Amid association, we are in the view that Yen, as usual, would take part as a safe heaven.
If break out of 112.04 in place we will see this pair a slight upward towards. 112.46&112.57 zone.