Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-01-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-01-2018
MTECHTIPS:- The Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term The current position is BUY .Positionally Support for JPYINR is 57.51-57.27-57.06-56.81-56.76-56.73-.Resistance for the JPYINR is 58.13- 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 Currently JPYINR is in HOLD LONG position The JPYINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 57.55 If trades and sustain below 57.75 be alert 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-The JPYINR closed in a confusion manner So buy for intraday only above 58.096 with a stop at 57.515 If opens below 57.515 or trade below 57.405 be cautious or go for sell with stop at 57.986
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