Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-06-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 58.45-58.15-58.05-58-57.99-57.51-.Resistance for the JPYINR is 61.2-
In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Pound-
Short term and Intraday Level of Yen with Rupee
JPYINR is in sideways so for short term better buy above 59.389 or hold with stop at 57.895 The next resistance will be at 59.1125 The oscillator is showing SELL signal
Intraday Trend- Buy above 59.389 and keep stop below 58.782 Target is 59.579 next 59.9 Below 58.593 trend reversal can occur and next level is 58.273
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