Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-03-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend 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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.68-58.45-58.12-58.04-.Resistance for the JPYINR is 59.4-60.02-62.65-
In medium term Yen is relatively strengthening against Euro- 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 58.836 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 59.228 with a stop at 58.842 Below 58.792 go for sell with stop at 59.178
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