Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-07-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume 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 SELL position.Positionally Immediate support for JPYINR is 56.31.Resistance for the JPYINR is 57.59-57.79-58.07-58.2-58.37-58.52-60.23-
In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Pound-Short term and Intraday Level of Yen with RupeeCurrently JPYINR is in HOLD SHORT position JPYINR is in sideways so for short term better buy above 56.914 with stop at 56.535 The JPYINR is now trading in highly oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 56.914 with a stop at 56.547 Below 56.497 go for sell and put stop at 56.864
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