Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-06-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .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 58.23-58.14-58.09-58-57.61-.Resistance for the JPYINR is 58.92-61.13-
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 in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Sell if open below 58.343 with stop loss at 58.797 or sell below 58.233Buy is not advised till it cross 58.908
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