Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-02-2019 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory 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 64.21-64.09-63.86-62.89-.Resistance for the JPYINR is 65.24-65.28-65.35- In medium term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee Last few days GBPINR is moving down Currently JPYINR is in HOLD SHORT position JPYINR is showing some Up momentum So buy above 64.303 with stop at 63.855 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level Intraday Trend- Buy is advised only above 65.24 with a stop at 64.451 Below 64.281 go for sell and put stop at 65.07 WWW.MTECHTIPS.COM 07489294118-119
Published on Feb 18 2019 10:31AM, by MTECHTIPS in Currency| Share This