Mtechtips MCX-SX JPYINR INTRADAY trading analysis 14-03-2019 MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Yen. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal For short term Yen is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for JPYINR is 62.39.Resistance for the JPYINR is 63.58-63.93-64.16-64.28-64.6-64.61-64.7- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 63.134 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 63.236 with a stop at 62.625 Below 62.505 go for sell and put stop at 63.116 WWW.MTECHTIPS.COM 07489294118-119
Published on Mar 14 2019 11:03AM, by MTECHTIPS in Currency| Share This