Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-03-2017
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 58.36-58.7-58.97-59.26-59.38-60.29-62.71-
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 LONG position JPYINR is moving sideways so short term investor better to buy only above 58.245 with stop at 57.1775 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.276 with a stop at 57.834 Below 57.764 go for sell
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