Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-02-2017
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 but has moved past its recent high with good volume points to a positive break out . 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 SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for JPYINR is 59.15-58.77-.Resistance for the JPYINR is 59.76-59.87-60.27-61.46-63-
In long term Yen is relatively strengthening against Euro- Dollar- Pound-
Short term and Intraday Level of Yen with Rupee
JPYINR closed above 1 week high with volume signals up breakout JPYINR is in sideways so for short term better buy above 59.729 or hold with stop at 58.52 The next resistance will be at 59.4975 The oscillator is showing BUY signal
Intraday Trend- Buy above 59.729 and keep stop below 59.251 Target is 59.849 next 60.05 Below 59.132 trend reversal can occur and next level is 58.932
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