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

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

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 SELL signal .In last 1 month volatality is very less Buy the JPYINR above 63.4 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 SELL signal For short term Yen is in HOLD SHORT position.Positionally Support for JPYINR is 61.66-61.63-61.62-61.49-61.44-61.36-59.48-. Immediate resistance for JPYINR is 63.4 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 LONG position The JPYINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 61.923 If trades and sustain below 62.085 be alert The oscillator is showing BUY signal  Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 62.334 with a stop at 61.896 If opens below 61.896 or trade below 61.836 be cautious or go for sell with stop at 62.274

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