Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-08-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 31-08-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The JPYINR is now trading in oversold level. The JPYINR 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 58.05-57.83-57.76-57.67-.Resistance for the JPYINR is 58.74-58.85-59.07-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 SHORT position JPYINR is moving sideways so short term investor better to buy only above 59.185 or hold with stop at 58.33 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 58.888 with a stop at 57.994 Below 57.774 go for sell
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