Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-01-2017
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 on BUY Signal and JPYINR is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above59.13 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 on BUY Signal and JPYINR is recovering from oversold level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.88-57.86-.Resistance for the JPYINR is 59.15-61.32-62.76-63.1-63.63-
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 profit booking mode so either sell of or keep stop at58.344 so better sell and enter at lower level The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level
Intraday Trend- Buy is advised above 58.657 with a stop at 58.193 Below 58.114 go for sell
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