Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-04-2017
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 SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above59.51 or buy with strict stop at 57.67. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.69-58.67-58.41-58.33-58.2-.Resistance for the JPYINR is 59.47-62.45-
Short term and Intraday Level of Yen with Rupee
JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position JPYINR is in sideways and sellers was at high so for short term better buy above 59.689 or hold with stop at 57.91 The next resistance will be at 59.27 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 59.689 with a stop at 58.822 Below 58.613 go for sell and put stop at 59.479
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