Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-02-2017
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 59-58.77-.Resistance for the JPYINR is 59.7-59.83-60.12-61.32-62.97-
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 again back in uptrend so hold with stop at 59.116 The oscillator is showing BUY signal
Intraday Trend- Buy above 59.509 and keep stop below 59.092 Target is 59.599 next 59.739 Below 59.002 trend reversal can occur and next level is 58.862
WWW.MTECHTIPS.COM
07489294118-119