Home / TIPS / Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-06-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-06-2017

MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend 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 Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.13-58.11-57.99-57.67-.Resistance for the JPYINR is 58.72-58.92-61.09-

In medium term Yen is relatively strengthening against Euro- Pound- In long term Yen is relatively strengthening against Euro- Pound-

Short term and Intraday Level of Yen with Rupee

 

Currently JPYINR is in HOLD LONG position JPYINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below58.203 Buy if above 59.1125 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 58.657 with a stop at 58.253 Below 58.203 go for sell

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