Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-06-2018 MTECHTIPS:- Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is in strong downtrend with good momentum 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 SELL signal For short term Yen is in SELL position.Positionally Support for JPYINR is 61.32-61.26-61.05-60.17-58.9-.Resistance for the JPYINR is 61.99-62.02- In medium term Yen is relatively strengthening against Dollar- 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 61.538 with stop at 61.26 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 61.843 with a stop at 61.427 Below 61.367 go for sell and put stop at 61.783 WWW.MTECHTIPS.COM 07489294118-119
Published on Jun 18 2018 11:07AM, by MTECHTIPS in Currency| Share This