Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-12-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-12-2016
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the JPYINR above 61.04 or buy with strict stop at 57.12. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in HOLD SHORT position.Positionally Immediate support for JPYINR is 57.12.Resistance for the JPYINR is 58.3-58.87-59.9-62.06-63.18-63.32-64.05-
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 LONG position JPYINR is moving sideways so short term investor better to buy only above 57.9475 with stop at 57.525 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.056 with a stop at 57.654 Below 57.605 go for sell
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