Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-08-2018 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 . In last few days lot of positive accumulation happened in the Yen. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is showing BUY signal For short term Yen is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for JPYINR is 61.86-61.82-61.66-61.64-61.52-61.42-59.57-. Immediate resistance for JPYINR is 63.71 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 JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position JPYINR has crossed the high so for short term better buy above 63.888 with stop at 61.82 The JPYINR is now trading is approaching oversold level. The JPYINR is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy above 63.888 and keep stop below 63.034 Target is 64.188 next 64.679 Below 62.734 trend reversal can occur and next level is 62.245 WWW.MTECHTIPS.COM 07489294118-119
Published on Aug 16 2018 11:00AM, by MTECHTIPS in Currency| Share This