Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-05-2017
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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.96-57.7-57.16-57.15-.Resistance for the JPYINR is 58.82-58.91-61.54-
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 moving sideways so short term investor better to buy if close above 58.8825 closing below 57.03 Sell will happen. The JPYINR is now trading is approaching overbought level. The JPYINRis now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level
Intraday Trend- Buy is advised only above 58.697 with a stop at 58.124 Below 58.004 go for sell and put stop at 58.577
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