Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-05-2019 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 63.63-63.39-63.29-63.26-63.08-62.92-62.67-. 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 JPYINR is in profit booking mode so hold with stop at 64.202 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 64.519 with a stop at 64.181 Below 64.151 go for sell and put stop at 64.489 WWW.MTECHTIPS.COM 07489294118-119
Published on May 16 2019 10:44AM, by MTECHTIPS in Currency| Share This