Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- 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 SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 61.21-61.07-59.7-58.71-58.36-58.12-.Resistance for the JPYINR is 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 JPYINR is in sideways so for short term better buy above 61.733 or hold with stop at 61.16 The next resistance will be at 61.87 The oscillator is showing SELL signal Intraday Trend- Buy above 61.733 and keep stop below 61.287 Target is 61.833 next 61.994 Below 61.187 trend reversal can occur and next level is 61.028

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