Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-07-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-07-2017

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 .. 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 56.78.Resistance for the JPYINR is 57.82-57.97-58.12-58.32-58.4-58.59-60.32 In medium term Yen is relatively strengthening against Euro- Dollar- In long term Yen is relatively strengthening against Euro- Pound Short term and Intraday Level of Yen with RupeeCurrently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 57.373 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 above 57.344 with a stop at 56.826 Below 56.726 go for sell

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