Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-03-2018

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 .. 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 60.96-60.65-59.84-58.37-58.05-57.88-57.84-. 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 The JPYINR is in downtrend For short term buy only if close above 61.468 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 61.66 but caution- close Below low5 fresh selling can occur The oscillator is showing SELL signal Intraday Trend- Buy is advised above 61.503 with a stop at 61.008 Below 60.918 go for sell

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