Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-09-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is in strong uptrend 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 SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.9-57.83-57.82-.Resistance for the JPYINR is 58.82-58.83-58.93-58.95- 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 The JPYINR is not giving any clear signal So buy only if close above59.5475 and sell below 58.27 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 58.517 with a stop at 58.084 If opens below 58.084 or trade below 58.024 be cautious or go for sell with stop at 58.457
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