Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-04-2018

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 60.1-58.98-58.58-58.2-.Resistance for the JPYINR is 61.4-61.55-61.58- In medium term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 61.21 or hold with stop at 60.65 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 61.082 with a stop at 60.399 Below 60.249 go for sell

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