Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 03-04-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory 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 showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 61.35-61.22-61-59.52-58.61-58.28-58.08-. 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 The JPYINR is not giving any clear signal So buy only if close above62.0875 and sell below 61.54 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 62.144 with a stop at 61.666 If opens below 61.666 or trade below 61.597 be cautious or go for sell with stop at 62.074

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