Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . 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 SHORT position and JPYINR closed below 1 week low with volume signals down breakout.Positionally Support for JPYINR is 59.77-58.75-58.4-58.13-.Resistance for the JPYINR is 61.58-61.68-61.78- In long term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below60.449 Buy if above 61.87 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 61.373 with a stop at 60.619 Below 60.449 go for sell

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