Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-08-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 28-08-2018

MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 and has moved down its previous low. 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 62.27-61.94-61.8-61.67-61.52-59.71-.Resistance for the JPYINR is 63.12- 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 SHORT position The JPYINR is not giving any clear signal So buy only if close above63.42 and sell below 62.825 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 63.036 with a stop at 62.654 If opens below 62.654 or trade below 62.615 be cautious or go for sell with stop at 62.996

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