Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-01-2017
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 59.68-58.89-58.64-58.25-.Resistance for the JPYINR is 61.73-62.83-63.07-
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 In short term JPYINR is in strong up trend so hold with stop at 59.61 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- is in intraday buy level better buy above 60.521 or in low buy above 60.01 Target is 60.671 next 60.902 Below 59.86 trend reversal can occur so keep long stop at 59.86
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