Home / TIPS / Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-01-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-01-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. 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 and closed above 3 week high with volume signals up breakout.Positionally Support for JPYINR is 58.41-58.25-58.15-.Resistance for the JPYINR is 60.46-61.99-63.04-63.07-
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
JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position JPYINR has crossed the high so for short term better buy above 60.1 with stop at 58.25 The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy above 60.1 and keep stop below 59.361 Target is 60.34 next 60.751 Below 59.122 trend reversal can occur and next level is 58.712
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