Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-03-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-03-2017
MTECHTIPS:- Yen is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 58.44-58.18-58.12-.Resistance for the JPYINR is 59.13-59.39-59.97-62.64-
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 SHORT position JPYINR is in sideways and sellers was at high so for short term better buy above 59.118 or hold with stop at 58.65 The next resistance will be at 59.1275 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 only above 59.118 with a stop at 58.593 Below 58.493 go for sell and put stop at 59.018
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