Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-10-2017 MTECHTIPS:- The Yen is weakening against Indian Rupee.Currently Yen is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend .. 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 57.47.Resistance for the JPYINR is 58.3-58.36-58.37-58.39-58.45-58.56-58.63- 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 58.166 with a stop at 57.914 If opens below 57.914 or trade below 57.914 be cautious or go for sell with stop at 58.166 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 17 2017 11:11AM, by MTECHTIPS in Currency| Share This