Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-03-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Yen Noting point is selling at lower levels seems decreasing. 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 SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for JPYINR is 57.65.Resistance for the JPYINR is 59.07-59.2-59.42-59.44-59.49-60.62-62.81-
In medium term Yen is relatively strengthening against Dollar- In long term Yen is relatively strengthening against Euro- Dollar- Pound-
Short term and Intraday Level of Yen with Rupee

JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 58.496 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58.286 with a stop at 57.644 Below 57.505 go for sell
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