Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-05-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.73-57.13-57.06-.Resistance for the JPYINR is 58.43-58.84-58.91-61.57-
In medium term Yen is relatively strengthening against Euro- Dollar- Pound-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so hold with stop at 57.935 The oscillator is showing BUY signal
Intraday Trend- Sell below 57.804 with stop at 58.206 or sell if open below 57.804Buy only above 58.286
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