Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-02-2017
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 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 58.95. 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 59.59-59.58-59.3-58.92-.Resistance for the JPYINR is 60.72-61.94-63.05-
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 moving sideways so short term investor better to buy only above 60.4 with stop at 59.6575 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 60.26 with a stop at 59.84 Below 59.78 go for sell
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