Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-03-2018

MTECHTIPS:- 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 and fresh Buy can be considered in the JPYINR if it close above62.04 or buy with strict stop at 60.5. 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 HOLD LONG position.Positionally Support for JPYINR is 61.07-61.06-60.53-58.99-58.36-58.09-58-. 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 The JPYINR is in slight up trend. Hold long with tight stop at 61.369 If trades and sustain above 61.36 it is again buying signal The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 61.553 with a stop at 61.197 If opens below 61.197 or trade below 61.167 be cautious or go for sell with stop at 61.523

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