Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-08-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- 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 above63.4 or buy with strict stop at 60.46. 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 61.41-61.37-61.33-59.43-.Resistance for the JPYINR is 62.09-62.17- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Dollar- 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 above62.2 and sell below 61.5225 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 61.964 with a stop at 61.696 If opens below 61.696 or trade below 61.686 be cautious or go for sell with stop at 61.954

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