Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-04-2017
MTECHTIPS:- Yen is weakening against Indian Rupee.Currently Yen is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend .. 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 SHORT position and JPYINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for JPYINR is 57.55.Resistance for the JPYINR is 58.98-59.01-59.04-59.22-59.23-59.24-62.17-
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 The JPYINR is in downtrend For short term buy only if close above 58.425 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 58.377 with a stop at 57.804 Below 57.694 go for sell and put stop at 58.266
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