Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-08-2017


Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-08-2017

MTECHTIPS:- The 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 on SELL signal and JPYINR is coming down from overbought level .In last 1 month volatality is very less Buy the JPYINR above 58.68 or buy with strict stop at 57.19. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD SHORT position.Positionally Support for JPYINR is 57.33-.Resistance for the JPYINR is 58.07-58.09-58.13-58.16-58.26-59.44-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 RupeeCurrently JPYINR is in HOLD LONG position JPYINR is moving sideways with low volatality so short term investor better to buy if close above 58.1175 close below 57.695 Sell will happen. The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level Intraday Trend-Intraday better to buy above 57.966 and Sell if below57.684

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