Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-11-2017 MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend with good momentum and the trend is 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 BUY signal For short term The current position is BUY .Positionally Support for JPYINR is 57.46-57.26-57.24-.Resistance for the JPYINR is 58.11-58.15-58.29-58.48- In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is moving sideways so short term investor better to buy only above 58.1525 or hold with stop at 57.5425 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 58.076 with a stop at 57.485 Below 57.365 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Nov 22 2017 11:03AM, by MTECHTIPS in Currency| Share This