Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-08-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .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 Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.46-57.3-.Resistance for the JPYINR is 58.11-58.14-58.15-58.28-59.57-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 in sideways but the trend looks weak so better buy above 58.4425 or hold with stop at 57.73 The oscillator is showing SELL signal Intraday Trend- Sell if open below 57.515 with stop loss at 58.006 or sell below 57.385Buy is not advised till it cross 58.136
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