Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-11-2016
MTECHTIPS The Yen is weakening against Indian Rupee .Currently Yen is in 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 64.36-64.07-64.02-62.28-.Resistance for the JPYINR is 65.4-65.47-65.51-
In medium term Yen is relatively strengthening against Euro- Dollar-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD LONG position JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 65.34 with stop at 63.76 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 65.34 with a stop at 64.83 Below 64.75 go for sell and put stop at 65.26.