Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-08-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above59.31 or buy with strict stop at 57.34. The JPYINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.28-58.08-57.87-57.83-57.68-57.67-.Resistance for the JPYINR is 59.18- 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 RupeeCurrently JPYINR is in HOLD LONG position JPYINR is moving sideways with low volatality so short term investor better to buy if close above 58.9275 close below 57.5725 sell will happen. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 58.938 and Sell if below58.353
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