Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-03-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .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 SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above62.04 or buy with strict stop at 59.91. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 61.05-60.82-60.11-58.63-58.18-57.97-57.9-. 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 SHORT position JPYINR is showing some Up momentum So buy above 61.072 with stop at 60.74 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level Intraday Trend- Buy is advised only above 61.763 with a stop at 61.157 Below 61.038 go for sell and put stop at 61.643

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