Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-01-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 The current position is BUY .Positionally Support for JPYINR is 58.25-58.18-58.06-.Resistance for the JPYINR is 60.65-62.17-63.07-63.18-
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 In short term JPYINR is in strong up trend so hold with stop at 58.588 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 58.692 or sell below 58.533 with stop loss at 59.228 Buy if open above 59.228 or buy above 59.389 with stop loss at 58.692
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