Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-02-2017
MTECHTIPS Yen is weakening against Indian Rupee.Currently Yen is showing some down move and the trend and not gained strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. 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 Immediate support for JPYINR is 58.69.Resistance for the JPYINR is 59.31-59.87-59.94-59.98-60.53-61.74-63.03-
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 The JPYINR is in downtrend For short term buy only if close above 59.34 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 59.228 with a stop at 58.852 Below 58.802 go for sell
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