Mtechtips MCX-SX JPYINR INTRADAY trading analysis 16-10-2018 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 showing BUY signal For short term The current position is BUY .Positionally Support for JPYINR is 65.2-64.84-64.78-63.61-62.96-62.58-60.79-. Immediate resistance for JPYINR is 66.59 In medium term Yen is relatively strengthening against Euro- Dollar- Pound- In long term Yen is relatively strengthening against Euro- Dollar- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so hold with stop at 66.0 The JPYINR is now trading in highly overbought level. The JPYINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 66.603 with a stop at 65.908 Below 65.758 go for sell and put stop at 66.453 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 16 2018 10:52AM, by MTECHTIPS in Currency| Share This