Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-08-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Yen. 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 61.98-61.9-61.69-61.68-61.55-61.43-59.59-. Immediate resistance for JPYINR is 63.79 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 In short term JPYINR is in strong up trend so hold with stop at 62.928 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 63.607 with a stop at 63.263 Below 63.233 go for sell with stop at 63.577

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