Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-04-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume 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 Immediate support for JPYINR is 57.79.Resistance for the JPYINR is 58.55-58.81-58.84-59.11-59.35-59.85-62.6-
In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD SHORT position JPYINR is in sideways so for short term better buy above 59.1275 with stop at 58.02 The oscillator is showing SELL signal
Intraday Trend- Buy above 58.577 and keep stop below 58.004 Target is 58.747 next 59.038 Below 57.834 trend reversal can occur and next level is 57.545
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