Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-03-2018

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 60.51-60.01-59.27-58.02-57.81-57.76-. Immediate resistance for JPYINR is 62.04 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 In short term JPYINR is in strong up trend so hold with stop at 61.307 Very Short term investor please cautious on JPYINR as it is moving with low volatality 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 above 62.214 with a stop at 61.527 Below 61.377 go for sell with a stop at 62.064

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