Mtechtips MCX-SX JPYINR INTRADAY trading analysis 23-02-2018 MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend 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 SELL signal For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 59.59-59.23-58.58-57.69-57.65-57.6-57.55-. Immediate resistance for JPYINR is 60.9 In long term Yen is relatively strengthening against Euro- Pound- Short term and Intraday Level of Yen with Rupee The JPYINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 60.397 If trades and sustain below 60.6525 be alert The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 60.982 with a stop at 60.439 If opens below 60.439 or trade below 60.329 be cautious or go for sell with stop at 60.872 WWW.MTECHTIPS.COM 07489294118-119
Published on Feb 23 2018 11:33AM, by MTECHTIPS in Currency| Share This