Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-08-2017
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 57.51-57.3-.Resistance for the JPYINR is 58.12-58.14-58.15-58.27-59.54-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 in sideways and sellers was at high so for short term better buy above 57.986 or hold with stop at 57.695 The next resistance will be at 58.4425 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 57.986 with a stop at 57.654 Below 57.625 go for sell and put stop at 57.956
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