Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-08-2017
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 JPYINR is now trading in oversold level. The oscillator is showing BUY 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 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 58.35-58.11-57.91-57.83-57.69-57.67-.Resistance for the JPYINR is 59.16- 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 The JPYINR is not giving any clear signal So buy only if close above58.9275 and sell below 57.5725 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 58.787 with a stop at 58.453 If opens below 58.453 or trade below 58.413 be cautious or go for sell with stop at 58.747
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