Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-02-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is 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 SELL position.Positionally Support for JPYINR is 58.76-.Resistance for the JPYINR is 59.56-59.74-59.85-60.19-61.39-62.99-
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 59.4975 with stop at 58.52 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.509 with a stop at 59.002 Below 58.912 go for sell
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