Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-06-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-06-2017

MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. 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 57.37.Resistance for the JPYINR is 58.26-58.31-58.44-58.51-58.73-60.55-

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 The JPYINR is in downtrend For short term buy only if close above 57.823 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 above 57.886 with a stop at 57.425 Below 57.355 go for sell

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