Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 25-04-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- 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 and has moved down its previous low with good volume points to a negative break out . 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 and JPYINR closed below 1 week low with volume signals down breakout.Positionally Support for JPYINR is 60.54-59.38-58.86-58.28-.Resistance for the JPYINR is 61.38-61.4-61.56- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR is in sideways and sellers was at high so for short term better buy above 61.352 or hold with stop at 60.985 The next resistance will be at 61.415 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 61.352 with a stop at 60.758 Below 60.638 go for sell and put stop at 61.232

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