Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-08-2018

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 The current position is BUY .Positionally Support for JPYINR is 62.14-61.98-61.71-61.7-61.58-61.45-59.62-. Immediate resistance for JPYINR is 63.79 In medium term Yen is relatively strengthening against Dollar- In long term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee Last few days JPYINR is moving down The JPYINR is not giving any clear signal So buy only if close above and sell below The oscillator is showing SELL signal

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