Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-06-2017
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 58.45-58.31-58.16-58.14-57.98-57.72-.Resistance for the JPYINR is 61.05-
In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro- Pound-
Short term and Intraday Level of Yen with Rupee

Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 58.751 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 59.088 with a stop at 58.563 Below 58.463 go for sell and put stop at 58.988
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