Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-07-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-07-2017

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 BUY signal For short term Yen is in SELL position.Positionally Immediate support for JPYINR is 56.31.Resistance for the JPYINR is 57.46-57.67-58.04-58.05-58.33-58.47-60.14-In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Pound-Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is in sideways and sellers was at high so for short term better buy above 57.344 or hold with stop at 56.535 The next resistance will be at 57.2025 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 57.344 with a stop at 57.016 Below 56.976 go for sell and put stop at 57.304

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