Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-08-2018

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 but has moved past its recent high with good volume points to a positive 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 closed above 1 week high with volume signals up breakout.Positionally Support for JPYINR is 61.71-61.69-61.63-61.59-61.49-61.39-59.54-. Immediate resistance for JPYINR is 62.71 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 RupeeJPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position JPYINR is in sideways and sellers was at high so for short term better buy above 62.755 or hold with stop at 61.82 The next resistance will be at 62.465 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 62.755 with a stop at 62.135 Below 62.016 go for sell and put stop at 62.635

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