Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-01-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-01-2018
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above58.15 or buy with strict stop at 55.88. 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 Yen is in HOLD LONG position.Positionally Support for JPYINR is 57.07-56.91-56.81-56.75-.Resistance for the JPYINR is 57.72-57.96-58.13-
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 JPYINR is in profit booking mode so hold with stop at 57.55 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 57.765 with a stop at 57.245 Below 57.145 go for sell and put stop at 57.665.
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