Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-06-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. 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.Positionally Immediate support for JPYINR is 57.42.Resistance for the JPYINR is 58.34-58.35-58.46-58.53-58.75-60.59- 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 57.929 The JPYINR is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 58.116 with a stop at 57.704 Below 57.644 go for sell.
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