Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-03-2017
MTECHTIPS Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the JPYINR above 60.01 or buy with strict stop at 58.29. 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 SELL position.Positionally Immediate support for JPYINR is 58.29.Resistance for the JPYINR is 59.27-59.29-59.43-59.55-59.59-60.75-62.84-
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 is in profit booking mode so better sell and enter at lower level The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.898 with a stop at 58.543 Below 58.493 go for sell
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