Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-09-2017
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 SELL 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 SELL signal For short term Yen is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for JPYINR is 58.46-58.37-58.19-57.85-57.84-57.73-. Immediate resistance for JPYINR is 59.54 In long term Yen is relatively strengthening against Euro- Dollar- Pound-Short term and Intraday Level of Yen with RupeeJPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 58.834 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 59.449 with a stop at 58.782 Below 58.642 go for sell with stop at 59.308
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