Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-07-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal but has moved past its recent high and the positive trend is still continuing. 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 57.3-57.03-56.99-.Resistance for the JPYINR is 58.07-58.22-58.38-59.88-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 Rupe In short term JPYINR is in strong up trend so hold with stop at 57.434 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 58.016 with a stop at 57.525 Below 57.445 go for sell with a stop at 57.936
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