Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-09-2017
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 58.55-58.5-58.4-58.31-57.89-57.84-57.81-. Immediate resistance for JPYINR is 59.79In long term Yen is relatively strengthening against Euro- Pound-Short term and Intraday Level of Yen with RupeeCurrently JPYINR is in HOLD SHORT position In short term JPYINR is in strong up trend so hold with stop at 59.0 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level Intraday Trend- Buy is advised above 59.449 with a stop at 58.762 Below 58.613 go for sell with stop at 59.298
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