Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-05-2017
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 The current position is BUY .Positionally Support for JPYINR is 57.93-57.67-57.48-57.33-.Resistance for the JPYINR is 58.73-58.92-61.42-
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 down trend so buy above 58.118 The sell will again come if below 57.755 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.447 with a stop at 58.024 Below 57.964 go for sell
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