Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-03-2017
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 and fresh Buy can be considered in the JPYINR if it close above60.64 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 HOLD LONG position.Positionally Immediate support for JPYINR is 58.29.Resistance for the JPYINR is 59.35-59.46-59.57-59.77-59.85-61.05-62.91-
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 in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.539 with a stop at 58.732 Below 58.543 go for sell
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