Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-09-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 10-09-2018

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 . Cautious point is buying at higer levels seems decreasing. 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 63.71-63.5-62.78-62.23-61.99-61.74-59.95-. 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 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 GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal

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