Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above62.12 or buy with strict stop at 60.41. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 60.99-60.78-60.38-59.2-58.76-58.25-.Resistance for the JPYINR is 61.53- In medium term Yen is relatively strengthening against Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position The JPYINR is in slight up trend. Hold long with tight stop at 61.232 If trades and sustain above 61.26 it is again buying signal The oscillator is showing BUY signal  Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 61.523 with a stop at 61.068 If opens below 61.068 or trade below 60.998 be cautious or go for sell with stop at 61.453

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