Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is in strong downtrend with good momentum and the trend is 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 SELL position.Positionally Support for JPYINR is 60.03-58.93-58.54-58.18-.Resistance for the JPYINR is 61.52-61.6-61.61- In medium term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee JPYINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 61.513 with stop at 60.705 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 61.513 with a stop at 60.978 Below 60.878 go for sell and put stop at 61.413

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