Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-08-2017
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 .. 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 and closed above 1 month high with volume signals up breakout.Positionally Support for JPYINR is 57.82-57.81-57.75-57.66-57.59-57.42-.Resistance for the JPYINR is 59.38- In medium term Yen is relatively strengthening against Euro- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with RupeeJPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 58.677 with stop at 57.715 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 58.677 with a stop at 58.293 Below 58.243 go for sell and put stop at 58.627
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