Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-12-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-12-2016
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Yen Noting point is selling at lower levels seems decreasing. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in SELL position.Positionally Immediate support for JPYINR is 57.12.Resistance for the JPYINR is 59.26-59.87-60.85-62.74-63.24-63.85-64.33-
In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Pound-
Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 58.157 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 57.745 with a stop at 57.305 Below 57.235 go for sell.
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