Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-05-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.63-57.25-57.18-.Resistance for the JPYINR is 58.41-58.8-58.91-61.51-
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 SHORT position JPYINR is in down trend so buy above 58.206 The sell will again come if below 57.855 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58.286 with a stop at 57.734 Below 57.635 go for sell

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