Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-05-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above59.12 or buy with strict stop at 56.27. 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 57.52-57.51-57.28-.Resistance for the JPYINR is 58.39-58.76-58.91-61.45-
In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long 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 in sideways so for short term better buy above 58.4225 with stop at 57.755 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 58.407 with a stop at 57.924 Below 57.834 go for sell and put stop at 58.316
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