Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-04-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .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 61.07-60.95-60.9-60.5-59.32-58.83-58.27-. 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 61.2 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 61.593 and Sell if below61.227

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