Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-04-2017
MTECHTIPS:- Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the JPYINR above 59.39 or buy with strict stop at 56.95. 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 SHORT position.Positionally Support for JPYINR is 58.48-58.33-58.16-.Resistance for the JPYINR is 59.1-59.29-59.73-62.56-
In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD SHORT position JPYINR is in sideways but the trend looks weak so better buy above 59.15 or hold with stop at 58.02 The oscillator is showing BUY signal
Intraday Trend- Sell only if open below 58.503 with stop loss at 59.058 or sell below 58.343 Buy is not advised till it cross 59.218
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