Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-12-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-12-2016
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 but has moved past its recent high with good volume points to a positive break out . 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 LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for JPYINR is 58.03-57.61-.Resistance for the JPYINR is 59.46-61.68-63.04-63.13-63.86-
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
JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 57.958 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.607 with a stop at 58.054 Below 57.944 go for sell with a stop at 58.497
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