November 24, 2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-02-2017

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 on SELL signal and JPYINR is coming down from overbought level .In last 1 month volatality is very less Buy the JPYINR above 60.73 or buy with strict stop at 58.63. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in SELL position.Positionally Support for JPYINR is 59.5-59.47-59.05-58.98-.Resistance for the JPYINR is 61.02-62.22-63.08-

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

Short term and Intraday Level of Yen with Rupee

Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 60.07 with stop at 59.3925 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 60.08 with a stop at 59.591 Below 59.501 go for sell

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