Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-05-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-05-2017
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 but has moved past its recent high and the positive trend is still continuing and upward momentum is also developing. 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 57.95-57.86-57.45-57.4-.Resistance for the JPYINR is 58.71-58.92-61.39-
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 LONG position JPYINR is moving sideways so short term investor better to buy only above 58.595 with stop at 57.755 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.777 with a stop at 58.223 Below 58.114 go for sell
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