Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-03-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level For short term Yen is in SELL position.Positionally Support for JPYINR is 57.83-.Resistance for the JPYINR is 58.6-58.91-59.21-59.38-60.22-62.69-
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 In short term JPYINR is in strong up trend so hold with stop at 57.945 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.417 with a stop at 57.954 Below 57.874 go for sell with a stop at 58.336
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