Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-12-2016

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-12-2016
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 and the positive trend is still continuing. 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.Positionally Support for JPYINR is 57.98-57.75-.Resistance for the JPYINR is 59.34-61.57-62.95-63.12-63.79-
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 in sideways and sellers was at high so for short term better buy above 59.188 or hold with stop at 57.785 The next resistance will be at 58.8325 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 only above 59.188 with a stop at 58.493 Below 58.333 go for sell and put stop at 59.028
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