Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-01-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-01-2018
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend 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 Support for JPYINR is 57.04-56.71-56.58-56.53-.Resistance for the JPYINR is 57.73-58-58.13- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- 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 LONG position In short term JPYINR is in strong up trend so hold with stop at 57.092 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 57.625 with a stop at 57.235 Below 57.175 go for sell with a stop at 57.565
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