Mtechtips MCX-SX JPYINR INTRADAY trading analysis 15-12-2017 MTECHTIPS:- The Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is 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 BUY signal For short term Yen is in SELL position.Positionally Immediate support for JPYINR is 0.Resistance for the JPYINR is 57.56-57.82-57.86-57.89-58.15-58.18-58.32- 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 JPYINR is showing some Up momentum So buy above 57.041 with stop at 56.9 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 57.465 with a stop at 57.016 Below 56.946 go for sell and put stop at 57.395 WWW.MTECHTIPS.COM 07489294118-119
Published on Dec 15 2017 10:16AM, by MTECHTIPS in Currency| Share This