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

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-08-2017
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 57.31-.Resistance for the JPYINR is 58.06-58.09-58.14-58.16-58.26-59.47-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 RupeeCurrently JPYINR is in HOLD SHORT position JPYINR is showing some Up momentum So buy above 57.89 with stop at 57.695 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 58.116 with a stop at 57.625 Below 57.545 go for sell and put stop at 58.036
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