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

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-03-2017
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 and has moved down its previous low. 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 58.37.Resistance for the JPYINR is 59.36-59.4-59.47-59.71-59.79-60.98-62.89-
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 has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below58.263 Buy if above 59.77 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58.978 with a stop at 58.383 Below 58.263 go for sell
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