Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-12-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-12-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 57.36-.Resistance for the JPYINR is 58.02-58.13-58.17-58.2-58.29-58.42- In long term Yen is relatively strengthening against Euro- Dollar- 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 58.17 with stop at 0.0 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 57.876 with a stop at 57.395 Below 57.305 go for sell
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