Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-06-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 58.46-58.15-58.1-58.01-57.57-.Resistance for the JPYINR is 61.16-
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
Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 59.1125 with stop at 57.895 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.288 with a stop at 58.722 Below 58.603 go for sell
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