Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-04-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Yen. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.96-58.69-58.68-58.48-58.37-58.22-.Resistance for the JPYINR is 62.42-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 59.3 with stop at 57.91 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.429 with a stop at 59.032 Below 58.982 go for sell
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