Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-12-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-12-2016
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly 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 highly oversold level. The JPYINR is now trading in highly 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 58.19-58.72-59.74-61.92-63.16-63.23-63.99-
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 In short term JPYINR is in strong up trend so hold with stop at 57.79 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.136 with a stop at 57.744 Below 57.684 go for sell with stop at 58.076
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