Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-01-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory 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 The current position is BUY .Positionally Support for JPYINR is 58.67-58.49-58.19-.Resistance for the JPYINR is 60.26-61.81-62.9-63.07-
In medium term Yen is relatively strengthening against Euro- Dollar- 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 has formed new high but the trend looks weak so better buy above 60.12 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Sell only if open below 59.531 with stop loss at 60 or sell below 59.411 Buy is not advised till it cross 60.12
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