Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 07-03-2018

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 60.66-60.17-59.42-58.12-57.87-57.79-57.78-. 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 61.433 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 only if open above 61.743 with a stop at 61.197 or buy above 61.884 Below 61.058 go for sell or sell if open below61.197

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