Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-03-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the JPYINR above 60.01 or buy with strict stop at 58.29. The JPYINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in HOLD SHORT position.Positionally Immediate support for JPYINR is 58.29.Resistance for the JPYINR is 59.32-59.4-59.61-59.68-60.86-62.86-
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 in down trend so buy above 58.86 The sell will again come if below 58.6 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 59.078 with a stop at 58.652 Below 58.583 go for sell
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