Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-11-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .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.Positionally Support for JPYINR is 63.15-61.45-.Resistance for the JPYINR is 64.15-64.86-65.08-65.14-65.49- 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 is in downtrend For short term buy only if close above 63.958 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 63.787 with a stop at 63.243 Below 63.143 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 16 2018 10:51AM, by MTECHTIPS in Currency| Share This