Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-01-2017
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 above59.13 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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Immediate support for JPYINR is 57.12.Resistance for the JPYINR is 58.29-58.37-59.01-61.19-62.66-63.1-63.55-
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 SHORT position JPYINR is in sell mode sell below 57.774 buy only above 58.8325 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 57.774 with stop loss at 58.226 or sell below 57.654Buy is not advised till it cross 58.346
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