Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-07-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-07-2017
MTECHTIPS:- The 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 57.72-57.68-57.46-57.27-57.21-.Resistance for the JPYINR is 58.3-59.67-
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 SHORT position JPYINR is moving sideways so short term investor better to buy only above 58.1975 or hold with stop at 57.5575 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 58.276 with a stop at 57.754 Below 57.654 go for sell
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