Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-01-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-01-2018
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 GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in SELL position.Positionally Immediate support for JPYINR is 55.88.Resistance for the JPYINR is 56.85-57-57.27-57.5-57.78-58.03-58.15- 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 56.353 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 56.302 with a stop at 56.018 Below 55.998 go for sell and put stop at 56.282
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