Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-07-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 57.29-57.24-57.09-.Resistance for the JPYINR is 58.12-58.2-58.35-59.8-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 moving sideways so short term investor better to buy only above 58.1475 with stop at 57.4175 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 58.086 with a stop at 57.625 Below 57.555 go for sell
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