Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-08-2018

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 and fresh Buy can be considered in the JPYINR if it close above63.79 or buy with strict stop at 61.28. 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 62.3-62.08-61.75-61.73-61.61-61.47-59.64-. 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 Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so hold with stop at 63.276 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 63.687 with a stop at 63.223 Below 63.153 go for sell and put stop at 63.617

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