Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-04-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong downtrend 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 BUY signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 61.04-60.96-60.83-60.44-59.26-58.79-58.26-. Immediate resistance for JPYINR is 62.12 In medium term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is moving sideways with low volatality so short term investor better to buy if close above 61.45 close below 61.055 sell will happen. The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend-Intraday better to buy above 61.643 and Sell if below61.128

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