Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-03-2017
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 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 JPYINR 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 59.31-59.33-59.41-59.58-59.63-60.8-62.85-
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 with low volatality so short term investor better to buy if close above 59.265 close below 58.6 Sell will happen. The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 59.048 and Sell if below58.483
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