Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-08-2017
MTECHTIPS:- The Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend but volume is unsatisfactory 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 57.83-57.72-57.69-57.55-57.32-57.28-.Resistance for the JPYINR is 59.64-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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 58.617 with stop at 57.5575 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 58.617 with a stop at 58.084 Below 57.984 go for sell and put stop at 58.517
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