Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-07-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 57.75-57.64-57.3-57.13-57.06-.Resistance for the JPYINR is 58.36-59.84-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 is in sideways and sellers was at high so for short term better buy above 58.447 or hold with stop at 57.4175 The next resistance will be at 58.1475 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 only above 58.447 with a stop at 57.874 Below 57.754 go for sell and put stop at 58.326
WWW.MTECHTIPS.COM
07489294118-119