Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-01-2017
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 . 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 Yen is in HOLD LONG position.Positionally Support for JPYINR is 59.6-59.08-58.76-58.3-.Resistance for the JPYINR is 61.65-62.77-63.08-
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 is moving sideways so short term investor better to buy only above 60.28 with stop at 59.345 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 60.511 with a stop at 59.85 Below 59.71 go for sell
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