Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 09-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is showing some down move and trend is strong and supported with good volume 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 SHORT position.Positionally Support for JPYINR is 59.84-58.8-58.44-58.14-.Resistance for the JPYINR is 61.59-61.67-61.72- 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 61.098 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 only above 60.952 with a stop at 60.539 Below 60.479 go for sell and put stop at 60.892

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