Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-10-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-10-2017
MTECHTIPS:- The Yen is strengthening against Indian Rupee in long- 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 Buy the JPYINR above 58.97 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 SHORT position.Positionally Support for JPYINR is 57.89-57.83-.Resistance for the JPYINR is 58.42-58.44-58.49-58.57-58.63-
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 LONG position The JPYINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 58.158 If trades and sustain below 58.1675 be alert The oscillator is showing BUY signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 58.296 with a stop at 58.044 If opens below 58.044 or trade below 58.044 be cautious or go for sell with stop at 58.296.
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