Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-04-2017
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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.86-58.77-58.7-58.66-58.59-58.37-.Resistance for the JPYINR is 62.32-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD SHORT position JPYINR is moving sideways so short term investor better to buy only above 59.615 with stop at 59.1 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level
Intraday Trend- Buy is advised above 59.499 with a stop at 59.102 Below 59.042 go for sell
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