Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-03-2017
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 .In last 1 month volatality is very less Buy the JPYINR above 60.64 or buy with strict stop at 58.29. 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 59.44-59.3-59.15-58.98-58.84-.Resistance for the JPYINR is 61.11-62.92-
In long term Yen is relatively strengthening against Euro- Dollar- Pound-
Short term and Intraday Level of Yen with Rupee

JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 59.94 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 only above 59.94 with a stop at 59.531 Below 59.471 go for sell and put stop at 59.88
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