Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 26-03-2018

MTECHTIPS:- Yen is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. 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 61.17-61.11-60.75-59.19-58.47-58.17-58.03-. Immediate resistance for JPYINR is 62.34 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 JPYINR is moving sideways so short term investor better to buy only above 62.0875 with stop at 61.28 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 62.334 with a stop at 61.696 Below 61.567 go for sell

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