Mtechtips MCX-SX JPYINR INTRADAY trading analysis 19-07-2018 MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend and the trend is supported with good volume 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 HOLD SHORT position.Positionally Support for JPYINR is 59.27-.Resistance for the JPYINR is 61.58-61.86-61.91-62.02-62.09-62.17- In medium term Yen is relatively strengthening against Euro- Dollar- In long term Yen is relatively strengthening against Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position The JPYINR is in downtrend For short term buy only if close above 60.994 The JPYINR is now trading in highly oversold level. The JPYINR is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 61.072 with a stop at 60.609 Below 60.529 go for sell and put stop at 60.992 WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 19 2018 11:08AM, by MTECHTIPS in Currency| Share This