Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-04-2018

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 . Caution note selling at lower levels seems decreasing. 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 59.91-58.84-58.47-58.16-.Resistance for the JPYINR is 61.6-61.67- 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 60.877 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 60.705 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 61.032 with a stop at 60.678 Below 60.648 go for sell and put stop at 61.002

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