Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-09-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 11-09-2018

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 63.97-63.64-62.91-62.3-62.04-61.78-59.99-. Immediate resistance for JPYINR is 65.89 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 so for short term better buy above 65.962 with stop at 64.2575 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is on SELL signal and JPYINR is coming down from overbought level Intraday Trend- Buy above 65.962 and keep stop below 65.289 Target is 66.162 next 66.493 Below 65.09 trend reversal can occur and next level is 64.76

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