Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-06-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum 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 SELL signal For short term Yen is in HOLD SHORT position.Positionally Immediate support for JPYINR is 57.63.Resistance for the JPYINR is 58.42-58.53-58.55-58.7-58.71-58.84-60.8-In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro- Pound-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 58.186 with stop at 57.86 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 58.186 with a stop at 57.724 Below 57.644 go for sell and put stop at 58.106.