Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-09-2017
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 BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 58.5-58.42-58.26-57.88-57.84-57.78-. Immediate resistance for JPYINR is 59.7 In long term Yen is relatively strengthening against Euro- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 59.017 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- is in intraday buy level better buy above 59.839 or in low buy above 59.261 Target is 60.01 next 60.29 Below 59.092 trend reversal can occur so keep long stop at 59.092
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