Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-01-2017
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 and fresh Buy can be considered in the JPYINR if it close above59.5 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 LONG position.Positionally Support for JPYINR is 57.91-57.84-.Resistance for the JPYINR is 59.25-61.45-62.86-63.11-63.71-
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 58.8325 with stop at 57.785 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 58.657 with a stop at 58.143 Below 57.994 go for sell
WWW.MTECHTIPS.COM
07489294118-119