Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-09-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-09-2017
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 SHORT position.Positionally Support for JPYINR is 57.9-57.84-57.81-.Resistance for the JPYINR is 58.81-58.83-58.89-58.96- 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 SELL position The JPYINR is in downtrend For short term buy only if close above 58.378 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 58.6675 but caution- close Below low5 fresh selling can occur The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 58.336 with a stop at 58.004 Below 57.964 go for sell
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