Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-09-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-09-2018

MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume 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 and closed above 1 month high with volume signals up breakout.Positionally Support for JPYINR is 63.25-62.96-62.44-62.04-61.85-61.65-59.85-. Immediate resistance for JPYINR is 65.62 In long term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position In short term JPYINR is in strong up trend so hold with stop at 63.986 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 65.3 with a stop at 64.151 Below 64.151 go for sell with a stop at 65

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