Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-02-2017
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 on SELL signal and JPYINR is coming down from overbought level but has moved past its recent high. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in SELL position.Positionally Support for JPYINR is 59.55-59.51-59.06-59.02-.Resistance for the JPYINR is 60.96-62.16-63.08-
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 59.798 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 60.461 with a stop at 59.9 Below 59.8 go for sell with a stop at 60.36
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