Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-07-2017
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 The current position is BUY .Positionally Support for JPYINR is 57.37-57.27-57.15-.Resistance for the JPYINR is 58.16-58.19-58.31-59.71-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 In JPYINR is in up trend but last day trend was weak so adhere to stop at 57.736 The oscillator is showing SELL signal Intraday Trend- Sell if below 57.625 with stop loss at 58.166 Buy is advised only above 58.326
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