Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-09-2017
MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .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 SHORT position.Positionally Support for JPYINR is 58.48-58.36-58.34-58.14-57.85-57.83-57.71-. Immediate resistance for JPYINR is 59.42In 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 JPYINR is moving sideways so short term investor better to buy only above 58.83 with stop at 58.01 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 58.978 with a stop at 58.623 Below 58.583 go for sell
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