Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-08-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend but volume is unsatisfactory 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 58.03-57.95-57.84-57.69-57.67-57.62-.Resistance for the JPYINR is 59.26-In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro- Dollar- Pound-Short term and Intraday Level of Yen with Rupee JPYINR is in sideways so for short term better buy above 59.07 with stop at 57.5725 The oscillator is showing SELL signal
Intraday Trend- Buy above 59.429 and keep stop below 58.433 Target is 59.809 next 60.431 Below 58.054 trend reversal can occur and next level is 57.435
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