Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-06-2017
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 on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.33-58.18-58.13-57.98-57.77-.Resistance for the JPYINR is 58.92-61.02-
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 JPYINR is in down trend so buy above 58.669 The sell will again come if below 58.365 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58.837 with a stop at 58.453 Below 58.403 go for sell
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