Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-12-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-12-2017
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. The JPYINR is now trading in oversold level. The GBPINR 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 56.66-.Resistance for the JPYINR is 57.25-57.61-57.67-57.96-58.12-58.22- In medium term Yen is relatively strengthening against Euro- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 57.375 with stop at 56.46 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 57.375 with a stop at 56.736 Below 56.607 go for sell and put stop at 57.244
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