Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-01-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-01-2018
MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Immediate support for JPYINR is 55.95.Resistance for the JPYINR is 56.9-57.05-57.34-57.53-57.81-58.05-58.17- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- 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 The JPYINR is in downtrend For short term buy only if close above 56.566 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 56.79 but caution- close Below low5 fresh selling can occur The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 56.463 with a stop at 55.968 Below 55.878 go for sell
WWW.MTECHTIPS.COM
07489294118-119