Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-03-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The JPYINR is now trading in overbought level. The JPYINR is now trading in overbought level. The oscillator is showing SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 60.33-59.83-59.1-57.93-57.75-57.74-57.72-. Immediate resistance for JPYINR is 61.5 In long term Yen is relatively strengthening against Euro- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 61.563 with stop at 60.5775 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 61.563 with a stop at 61.038 Below 60.948 go for sell and put stop at 61.473

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