Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 29-08-2017
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 58.16-57.96-57.82-57.71-57.67-.Resistance for the JPYINR is 58.84-59.13-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 Currently JPYINR is in HOLD LONG position JPYINR is in sideways so for short term better buy above 58.697 with stop at 58.49 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 58.697 with a stop at 58.373 Below 58.343 go for sell and put stop at 58.667
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