Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-06-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in HOLD LONG position.Positionally Immediate support for JPYINR is 57.66.Resistance for the JPYINR is 58.43-58.5-58.55-58.74-58.82-58.86-60.85-
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 sideways and sellers was at high so for short term better buy above 58.467 or hold with stop at 57.9875 The next resistance will be at 58.87 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 58.467 with a stop at 57.944 Below 57.844 go for sell and put stop at 58.367
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