Indian currency news

YEN TREND WITH RUPEE & INTRADAY LEVELS

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

Trend updated for-Apr/03/2013.CMP-58.5275 The Yen is weakening against Indian Rupee .Currently Yen is showing some up move after small correction and trend is strong 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.11-57.64-57.18-57.01-.Resistance for the JPYINR is 60.47-62.29-66.19-

Currently JPYINR is in HOLD LONG position JPYINR has crossed the high but the trend was not so strong so for short term better buy above 59.197 with stop at 57.0125 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy if open above 58.921 with a stop at 58.135 Strong Buy above 59.197 Below 57.86 go for sell or sell if open below58.135