Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-09-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is in strong uptrend with good momentum but volume is unsatisfactory 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 The current position is BUY .Positionally Support for JPYINR is 57.9-57.83-57.82-.Resistance for the JPYINR is 58.81-58.85-58.96-In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is moving sideways so short term investor better to buy only above 59.5475 or hold with stop at 58.5025 The oscillator is showing SELL signalIntraday Trend- Buy is advised above 58.918 with a stop at 58.253 Below 58.104 go for sell
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