Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-08-2017
MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .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 but has moved past its recent high with good volume points to a positive break out . 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 and closed above 1 month high with volume signals up breakout.Positionally Support for JPYINR is 58.64-58.44-58.25-58.02-57.83-57.73-57.68-. Immediate resistance for JPYINR is 59.42 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 closed above 1 week high with volume signals up breakout JPYINR is in sideways and sellers was at high so for short term better buy above 59.619 or hold with stop at 58.49 The next resistance will be at 59.185 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 59.619 with a stop at 58.842 Below 58.662 go for sell and put stop at 59.439
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