Mtechtips MCX-SX JPYINR INTRADAY trading analysis 13-12-2017 MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum but volume is unsatisfactory 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 Yen is in SELL position.Positionally Immediate support for JPYINR is 0.Resistance for the JPYINR is 57.66-57.85-57.92-58.17-58.18-58.33- In medium term Yen is relatively strengthening against Euro- 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 The JPYINR is in downtrend For short term buy only if close above 57.018 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- Buy is advised above 57.114 with a stop at 56.806 Below 56.786 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on Dec 13 2017 10:16AM, by MTECHTIPS in Currency| Share This