Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-03-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. 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.Positionally Immediate support for JPYINR is 56.95.Resistance for the JPYINR is 58.43-58.77-59.05-59.3-59.38-60.35-62.73-
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
Currently JPYINR is in HOLD SHORT position JPYINR is in down trend so buy above 57.84 The sell will again come if below 57.1775 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.206 with a stop at 57.804 Below 57.754 go for sell
WWW.MTECHTIPS.COM
07489294118-119