Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-09-2018

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Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-09-2018

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 64.22-63.77-63.05-62.37-62.08-61.82-60.03-. 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 In short term JPYINR is in strong up trend so hold with stop at 65.057 The JPYINR is now trading is approaching overbought level. The JPYINR is now trading is approaching overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 65.761 with a stop at 65.05 Below 64.9 go for sell with a stop at 65.611

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