Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-04-2017
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 and has moved down its previous low with good volume points to a negative break out . 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 and JPYINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for JPYINR is 58.25.Resistance for the JPYINR is 58.96-59.09-59.25-59.27-59.28-62.26-
Short term and Intraday Level of Yen with Rupee
JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below57.994 Buy if above 59.535 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 59.058 with a stop at 58.203 Below 57.994 go for sell
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