Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-08-2017
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 on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.72-57.68-57.64-57.57-57.31-.Resistance for the JPYINR is 58.27-59.51-In medium term Yen is relatively strengthening against Euro- 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 so for short term better buy above 58.4425 with stop at 57.695 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 58.266 with a stop at 57.854 Below 57.794 go for sell and put stop at 58.206
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