Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-07-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-07-2017

MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. 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 SELL position.Positionally Immediate support for JPYINR is 57.37.Resistance for the JPYINR is 58.13-58.24-58.35-58.42-58.5-58.69-60.48-In medium term Yen is relatively strengthening against Euro- In long term Yen is relatively strengthening against Euro- Pound- Short term and Intraday Level of Yen with RupeeCurrently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 58.095 or hold with stop at 57.5975 The JPYINR is now trading is approaching oversold level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 57.916 with a stop at 57.465 Below 57.395 go for sell

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