Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-10-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-10-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SELL position.Positionally Immediate support for JPYINR is 56.87.Resistance for the JPYINR is 58.05-58.15-58.22-58.28-58.33-58.53-58.62- 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 RupeeCurrently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 57.318 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 57.324 with a stop at 56.936 Below 56.876 go for sell
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