Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-04-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Yen is in downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower 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 58.9-58.73-58.68-58.57-58.55-58.28-.Resistance for the JPYINR is 62.38-
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 59.28 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 59.719 with a stop at 59.191 Below 59.092 go for sell with a stop at 59.619
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