Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-06-2017
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 58.23-58-57.97-57.49-57.45-.Resistance for the JPYINR is 58.91-61.35-
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 In short term JPYINR is in strong up trend so hold with stop at 58.334 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.677 with a stop at 58.333 Below 58.293 go for sell with a stop at 58.637
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