Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-10-2017 MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal and has moved down its previous low. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in HOLD SHORT position.Positionally Immediate support for JPYINR is 57.79.Resistance for the JPYINR is 58.29-58.36-58.4-58.45-58.57-58.63- In medium term Yen is relatively strengthening against Euro- Dollar- 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 The JPYINR is not giving any clear signal So buy only if close above58.3 and sell below 58.0175 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 58.216 with a stop at 57.864 If opens below 57.864 or trade below 57.824 be cautious or go for sell with stop at 58.176 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 16 2017 10:37AM, by MTECHTIPS in Currency| Share This