Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-01-2017
MTECHTIPS The 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 SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 59.48-59.29-59.11-58.63-.Resistance for the JPYINR is 61.34-62.49-63.09-
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 in sideways but the trend looks weak so better buy above 60.4875 or hold with stop at 59.1875 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 59.88 with stop loss at 60.391 or sell below 59.74 Buy is not advised till it cross 60.531
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