Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-05-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend and the trend is 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 SELL position.Positionally Immediate support for JPYINR is 56.82.Resistance for the JPYINR is 57.98-58.53-58.65-58.78-59.01-59.15-61.87-
In medium term Yen is relatively strengthening against Pound-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD SHORT position JPYINR is showing some Up momentum So buy above 57.383 with stop at 57.05 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 57.655 with a stop at 57.136 Below 57.036 go for sell and put stop at 57.555
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