Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-06-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-06-2017

MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. 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 58.4-58.48-58.52-58.56-58.66-58.79-60.67-

In long term Yen is relatively strengthening against Euro- Pound-

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 58.196 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 on BUY Signal and JPYINR is recovering from oversold level

Intraday Trend- Buy is advised only above 58.196 with a stop at 57.864 Below 57.824 go for sell and put stop at 58.156

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