Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-04-2017
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 59.39 or buy with strict stop at 57.67. 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 HOLD SHORT position.Positionally Immediate support for JPYINR is 57.67.Resistance for the JPYINR is 58.66-58.77-58.82-59.12-59.21-59.55-62.5-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD SHORT position JPYINR is in sideways so for short term better buy above 59.15 with stop at 57.91 The oscillator is showing SELL signal
Intraday Trend- Buy above 58.417 and keep stop below 57.994 Target is 58.507 next 58.657 Below 57.904 trend reversal can occur and next level is 57.754
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