Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-08-2017
MTECHTIPS:- The Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend 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 57.83-57.7-57.69-57.62-57.42-57.3-.Resistance for the JPYINR is 59.61-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 short term JPYINR is in strong up trend so hold with stop at 58.119 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 58.457 with a stop at 58.034 Below 57.964 go for sell with stop at 58.387
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