Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-05-2017
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 56.77.Resistance for the JPYINR is 57.83-58.35-58.58-58.73-58.99-59.11-61.82-
In medium term Yen is relatively strengthening against Pound-
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 57.5425 or hold with stop at 56.995 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level
Intraday Trend- Buy is advised above 57.344 with a stop at 56.826 Below 56.736 go for sell
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