Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-12-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 06-12-2018

MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory 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 SELL position.Positionally Support for JPYINR is 62.28-61.77-.Resistance for the JPYINR is 63.19-63.77-64.12-64.3-64.75- In medium term Yen is relatively strengthening against Dollar- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position The JPYINR is not giving any clear signal So buy only if close above62.8175 and sell below 61.77 The oscillator is showing BUY signal  Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 63.006 with a stop at 62.664 If opens below 62.664 or trade below 62.634 be cautious or go for sell with stop at 62.976

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