Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-04-2017

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 20-04-2017
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- short-medium- short- term .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.Positionally Support for JPYINR is 58.88-58.75-58.67-58.65-58.58-58.32-.Resistance for the JPYINR is 62.35-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so better sell and enter at lower level The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 59.569 with a stop at 59.191 Below 59.141 go for sell
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