Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 01-08-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- short- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . 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 and JPYINR closed below 1 week low with volume signals down breakout.Positionally Support for JPYINR is 61.49-61.45-61.41-61.28-59.38-.Resistance for the JPYINR is 62.09-62.18- 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 JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR has formed new 5 day high but the trend looks weak so better buy above 62.164 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal  Intraday Trend- Sell if open below 61.617 with stop loss at 62.064 or sell below 61.517Buy is not advised till it cross 62.164

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