Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-04-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 27-04-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is showing some up move after small correction and trend is strong but volume is unsatisfactory 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 61.05-60.96-60.86-60.64-59.5-58.93-58.31-. Immediate resistance for JPYINR is 61.7 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 The JPYINR is not giving any clear signal So buy only if close above61.415 and sell below 60.985 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 61.633 with a stop at 61.177 If opens below 61.177 or trade below 61.098 be cautious or go for sell with stop at 61.553

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