Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-07-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-07-2017

MTECHTIPS:- The 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 . 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 58.16-58.28-58.4-58.43-58.52-58.71-60.52-

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 moving sideways so short term investor better to buy only above 58.095 or hold with stop at 57.5975 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 58.286 with a stop at 57.664 Below 57.535 go for sell

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