Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-01-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above60.73 or buy with strict stop at 58.02. 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 59.13-58.84-.Resistance for the JPYINR is 59.81-60.02-61.14-62.32-63.09-
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 SHORT position JPYINR is in sideways so for short term better buy above 60.4875 with stop at 59.3925 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 59.291 with stop loss at 59.699or sell below 59.211 Buy is not advised till it cross 59.779
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