Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-09-2017
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 58.07-57.82-57.8-57.68-.Resistance for the JPYINR is 58.78-58.83-59.01- 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 SHORT position The JPYINR is not giving any clear signal So buy only if close above59.185 and sell below 58.01 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 58.597 with a stop at 58.134 If opens below 58.134 or trade below 58.054 be cautious or go for sell with stop at 58.517
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