Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-09-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-09-2018

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 .. 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 63.13-62.79-62.37-61.98-61.81-61.62-59.82-. Immediate resistance for JPYINR is 64.53 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 has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 64.729 with stop at 0.0 The JPYINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 64.729 with a stop at 63.972 Below 63.802 go for sell and put stop at 64.559

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