Mtechtips MCX-SX JPYINR INTRADAY trading analysis 22-05-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level and has moved down its previous low with good volume points to a negative break out . The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position and JPYINR closed below 1 week low with volume signals down breakout.Positionally Support for JPYINR is 60.25-59.37-58.53-.Resistance for the JPYINR is 61.57-61.58-61.69-61.84- In medium term Yen is relatively strengthening against Euro- Dollar- Short term and Intraday Level of Yen with Rupee JPYINR and closed below 1 week low with volume signals down breakoutCurrently JPYINR is in HOLD SHORT position JPYINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below61.028 Buy if above 62.1 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 61.433 with a stop at 61.068 Below 61.028 go for sell WWW.MTECHTIPS.COM 07489294118-119
Published on May 22 2018 10:45AM, by MTECHTIPS in Currency| Share This