Mtechtips MCX-SX JPYINR INTRADAY trading analysis 17-10-2018 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 65.35-64.97-64.82-63.69-63.01-62.63-60.83-. 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 SHORT position JPYINR is in sideways so for short term better buy above 66.3225 with stop at 65.73 Yesterday the selling was with volume so risk takers can go for shorting at current rate with stop at 66.3225 The oscillator is showing SELL signal Intraday Trend- Sell if open below 65.619 with stop loss at 66.062 or sell below 65.519Buy is not advised till it cross 66.162 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 17 2018 10:40AM, by MTECHTIPS in Currency| Share This