Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-04-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the JPYINR above 59.39 or buy with strict stop at 56.95. 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 SHORT position.Positionally Immediate support for JPYINR is 56.95.Resistance for the JPYINR is 58.69-58.75-58.97-59.1-59.26-59.67-62.54-
In medium term Yen is relatively strengthening against Euro-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD LONG position JPYINR has formed new high but the trend looks weak so better buy above 58.888 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 58.114 with stop loss at 58.707 or sell below 57.934Buy is not advised till it cross 58.888
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