Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-07-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 30-07-2018

MTECHTIPS:- Yen is Strongly strengthening 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 . Noting point is selling at lower levels seems decreasing. 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 HOLD LONG position.Positionally Support for JPYINR is 61.69-61.59-61.53-61.4-61.26-61.24-59.36-. Immediate resistance for JPYINR is 63.4 In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy if close above 63.145 closing below 61.105 Sell will happen. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 62.375 with a stop at 61.936 Below 61.876 go for sell and put stop at 62.314

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