Mtechtips MCX-SX JPYINR INTRADAY trading analysis 24-05-2018 MTECHTIPS:- Yen is Strongly strengthening against Indian Rupee .Currently Yen is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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.Positionally Support for JPYINR is 61.44-61.31-61.16-61.13-60.36-59.45-58.58-. Immediate resistance for JPYINR is 62.65 In medium term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is in sideways so for short term better buy above 62.825 or hold with stop at 61.23 The next resistance will be at 62.4 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is on BUY Signal and JPYINR is recovering from oversold level Intraday Trend- Buy above 62.825 and keep stop below 61.976 Target is 63.116 next 63.617 Below 61.686 trend reversal can occur and next level is 61.187 WWW.MTECHTIPS.COM 07489294118-119
Published on May 24 2018 11:02AM, by MTECHTIPS in Currency| Share This