Mtechtips MCX-SX JPYINR INTRADAY trading analysis 02-01-2019 MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in uptrend and the trend is supported with good volume 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 SELL position.Positionally Support for JPYINR is 63.03-62.96-62.74-62.24-.Resistance for the JPYINR is 63.96-64.27-64.47- 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 is moving sideways so short term investor better to buy only above 63.7875 with stop at 63.4425 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 63.867 with a stop at 63.493 Below 63.453 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Jan 2 2019 11:12AM, by MTECHTIPS in Currency| Share This