Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-02-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-02-2017
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 BUY signal but has moved past its recent high. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in SELL position.Positionally Support for JPYINR is 59.29-59.15-58.9-58.8-.Resistance for the JPYINR is 59.98-61.18-62.94-
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 JPYINR is moving sideways so short term investor better to buy only above 59.77 or hold with stop at 58.9725 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level
Intraday Trend- Buy is advised above 60.24 with a stop at 59.381 Below 59.181 go for sell
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