Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-01-2017

MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 58.31-58.15-58.13-.Resistance for the JPYINR is 60.55-62.08-63.07-63.12-
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 59.1775 or hold with stop at 58.25 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 59.168 with a stop at 58.732 Below 58.662 go for sell
WWW.MTECHTIPS.COM
07489294118-119