Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-07-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend 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 BUY signal For short term Yen is in HOLD SHORT position.Positionally Immediate support for JPYINR is 56.31.Resistance for the JPYINR is 57.38-57.61-57.99-58.03-58.3-58.46-60.1-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 LONG position JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 57.314 with stop at 56.535 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 57.314 with a stop at 56.926 Below 56.866 go for sell and put stop at 57.254
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