Mtechtips MCX-SX JPYINR INTRADAY trading analysis 12-11-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .Currently Yen is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. 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 SHORT position.Positionally Support for JPYINR is 63.58-63.11-61.35-.Resistance for the JPYINR is 65.05-65.35-65.49-65.58- In medium term Yen is relatively strengthening against Dollar- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 64.514 If trades and sustain above 63.9825 it is a covering signal The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend-The JPYINR closed in a confusion manner So sell for intraday Only below 63.453 with a stop at 64.308 If opens above 64.308 or trade above 64.519 go for buy with stop at 63.662 WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 12 2018 10:48AM, by MTECHTIPS in Currency| Share This