Mtechtips MCX-SX JPYINR INTRADAY trading analysis 21-09-2017 MTECHTIPS:- Yen is weakening against Indian Rupee .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 . 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 HOLD SHORT position.Positionally Immediate support for JPYINR is 57.3.Resistance for the JPYINR is 58.23-58.34-58.35-58.59-58.66-58.74- In medium term Yen is relatively strengthening against Euro- Pound- In long term Yen is relatively strengthening against Euro- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is in sideways so for short term better buy above 58.305 with stop at 57.53 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 is advised only above 57.996 with a stop at 57.704 Below 57.684 go for sell and put stop at 57.976 WWW.MTECHTIPS.COM 07489294118-119
Published on Sep 21 2017 11:21AM, by MTECHTIPS in Currency| Share This