Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-02-2017
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 .In last 1 month volatality is very less Buy the JPYINR above 60.73 or buy with strict stop at 58.95. 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 59.09-58.98-.Resistance for the JPYINR is 60-60.03-60.9-62.11-63.07-
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 59.773 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 60.04 with a stop at 59.421 Below 59.291 go for sell with stop at 59.91
WWW.MTECHTIPS.COM
07489294118-119