Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-05-2019 MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory 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 The current position is BUY .Positionally Support for JPYINR is 63.62-63.39-63.25-63.13-63.11-62.76-62.56-. Immediate resistance for JPYINR is 64.62 In medium term Yen is relatively strengthening against Dollar- In long term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position The JPYINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 64.068 If trades and sustain below 64.315 be alert 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-The JPYINR closed in a confusion manner So buy for intraday only above 64.609 with a stop at 64.102 If opens below 64.102 or trade below 64.022 be cautious or go for sell with stop at 64.529 WWW.MTECHTIPS.COM 07489294118-119
Published on May 15 2019 10:45AM, by MTECHTIPS in Currency| Share This