Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-08-2018

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 BUY 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 BUY signal For short term Yen is in HOLD SHORT position.Positionally Support for JPYINR is 61.66-61.63-61.6-61.59-61.47-61.38-59.52-. Immediate resistance for JPYINR is 63.4 In medium term Yen is relatively strengthening against Euro- Dollar- 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 is not giving any clear signal So buy only if close above62.085 and sell below 61.82 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 62.254 with a stop at 61.846 If opens below 61.846 or trade below 61.796 be cautious or go for sell with stop at 62.204

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