Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-07-2017
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 BUY signal For short term Yen is in SELL position.Positionally Support for JPYINR is 57.1-56.89-.Resistance for the JPYINR is 57.95-58.04-58.28-58.44-60.06-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 LONG position In short term JPYINR is in strong up trend so hold with stop at 57.101 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 57.595 with a stop at 57.155 Below 57.086 go for sell with a stop at 57.525
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