Mtechtips MCX-SX YEN JPYINR INTRADAY trading analysis 24-05-2019 MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume 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 on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 63.31-63.01-62.92-.Resistance for the JPYINR is 63.9-63.93-64.14-64.25- In long term Yen is relatively strengthening against Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend .Last day JPYINR was in bull trend So short term buyers buy if close above 63.477 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- Buy the JPYINR above 63.958 with a stop at 63.124 Target is 64.158 next 64.489 Below 63.124 trend reversal can occur so keep long stop at 63.124 WWW.MTECHTIPS.COM 07489294118-119
Published on May 24 2019 10:45AM, by MTECHTIPS in Currency| Share This