Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-01-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-01-2018
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 Support for JPYINR is 56.41-.Resistance for the JPYINR is 56.96-57.2-57.49-57.75-58.02-58.14- 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 56.4 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level Intraday Trend- Buy is advised only above 57.044 with a stop at 56.397 Below 56.257 go for sell and put stop at 56.904
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