Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-07-2017
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 GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in SELL position.Positionally Immediate support for JPYINR is 56.31.Resistance for the JPYINR is 57.51-57.73-58.05-58.12-58.35-58.49-60.19-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 Rupee Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 56.873 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 57.395 with a stop at 56.866 Below 56.756 go for sell and put stop at 57.284
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