Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-10-2017 MTECHTIPS:- The Yen is weakening against Indian Rupee.Currently Yen is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. 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 57.77.Resistance for the JPYINR is 58.3-58.35-58.44-58.57-58.63- 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 RupeeCurrently JPYINR is in HOLD SHORT position The JPYINR was in downtrend but yesterday market closed in confusion so book short if any or hold with tight stop at 58.02 If trades and sustain above 58.0 it is a covering signal The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So sell for intraday Only below 57.864 with a stop at 58.126 If opens above 58.126 or trade above 58.136 go for buy with stop at 57.874 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 18 2017 10:38AM, by MTECHTIPS in Currency| Share This