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

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

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- term .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 61.03-59.61-58.66-58.32-58.1-.Resistance for the JPYINR is 61.7-61.84- In long term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 61.702 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 61.783 with a stop at 61.177 Below 61.058 go for sell

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