Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-03-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level .In last 1 month volatality is very less Buy the JPYINR above 62.04 or buy with strict stop at 60.34. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in SELL position.Positionally Support for JPYINR is 61.01-60.44-58.91-58.32-58.06-57.98-.Resistance for the JPYINR is 61.57- 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 61.362 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 61.503 with a stop at 61.108 Below 61.058 go for sell with stop at 61.453

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