Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-03-2018

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 on SELL signal and JPYINR is coming down from overbought level but has moved past its recent high. 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 61.1-61.06-60.64-59.09-58.42-58.13-58.01-. Immediate resistance for JPYINR is 61.87 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 not giving any clear signal So buy only if close above61.6225 and sell below 61.28 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level

Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 61.894 with a stop at 61.437 If opens below 61.437 or trade below 61.357 be cautious or go for sell with stop at 61.813

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