Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-01-2017

MTECHTIPS The 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 GBPINR 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 59.36-59.35-58.97-58.54-.Resistance for the JPYINR is 61.4-62.55-63.08-

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 SHORT position The JPYINR is in downtrend For short term buy only if close above 59.856 The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 60.601 with a stop at 59.611 Below 59.361 go for sell and put stop at 60.35

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