Home / TIPS / Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-01-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer 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 The current position is BUY .Positionally Support for JPYINR is 58.22-58.16-57.98-.Resistance for the JPYINR is 60.74-62.27-63.07-63.26-
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 JPYINR has crossed the high so for short term better buy above 58.878 with stop at 57.96 The oscillator is showing BUY signal
Intraday Trend- Buy above 58.878 and keep stop below 58.333 Target is 59.028 next 59.288 Below 58.183 trend reversal can occur and next level is 57.924
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