Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-03-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-03-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 61.26-61.2-60.92-59.4-58.56-58.24-58.06-. Immediate resistance for JPYINR is 62.34 In long term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so hold with stop at 61.777 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 61.884 with a stop at 61.387 Below 61.307 go for sell and put stop at 61.803

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