Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-12-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-12-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee.Currently Yen is showing some down move and the trend and not gained strength momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend . Caution note 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Immediate support for JPYINR is 0.Resistance for the JPYINR is 57.83-58.01-58.11-58.14-58.17-58.28-58.4- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is moving sideways with low volatality so short term investor better to buy if close above 58.17 close below 0.0 sell will happen. The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend-Intraday better to buy above 57.705 and Sell if below56.776
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