Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-10-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-10-2017
MTECHTIPS:- The Yen is strengthening against Indian Rupee in long- short- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above58.97 or buy with strict stop at 57.15. 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 57.87-57.82-.Resistance for the JPYINR is 58.49-58.55-58.56-58.63- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- 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 in sideways so for short term better buy above 58.34 with stop at 57.94 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 58.467 with a stop at 58.084 Below 58.034 go for sell and put stop at 58.417.
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