Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-06-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend but volume is unsatisfactory 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 SHORT position.Positionally Immediate support for JPYINR is 57.63.Resistance for the JPYINR is 58.41-58.51-58.59-58.62-58.67-58.82-60.76-
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 58.118 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 58.275 but caution- close Below low5 fresh selling can occur The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 58.367 with a stop at 57.834 Below 57.734 go for sell
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