Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-05-2019 MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing SELL signal but has moved past its recent high. 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 HOLD LONG position.Positionally Support for JPYINR is 63.64-63.52-63.4-63.27-63.09-63.07-62.78-. Immediate resistance for JPYINR is 64.99 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 64.424 If trades and sustain below 64.73 be alert 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-The JPYINR closed in a confusion manner So buy for intraday only above 65.08 with a stop at 64.491 If opens below 64.491 or trade below 64.381 be cautious or go for sell with stop at 64.97 WWW.MTECHTIPS.COM 07489294118-119
Published on May 17 2019 10:50AM, by MTECHTIPS in Currency| Share This