Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short- 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 . Noting point is 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 LONG position.Positionally Support for JPYINR is 61.03-60.81-60.31-59.15-58.71-58.23-.Resistance for the JPYINR is 61.54- In medium term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee Last few days JPYINR is moving down The JPYINR is not giving any clear signal So buy only if close above and sell below The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal

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