Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-06-2017
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. 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 SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for JPYINR is 57.42.Resistance for the JPYINR is 58.37-58.42-58.47-58.55-58.61-58.77-60.63-
In long term Yen is relatively strengthening against Euro- Pound-
Short term and Intraday Level of Yen with Rupee
JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR is in sideways so for short term better buy above 58.056 with stop at 57.6525 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level
Intraday Trend- Buy is advised only above 58.056 with a stop at 57.535 Below 57.445 go for sell and put stop at 57.966
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