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Mtechtips MCX-SX JPYINR INTRADAY trading
analysis 19-11-2018
MTECHTIPS:- Yen is strengthening against Indian Rupee in long- term .Currently
Yen is in strong downtrend but volume is unsatisfactory The open interest is
not increasing with trend . In last few days volume based selling happened in
the Yen. 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 63.17-61.49-.Resistance for
the JPYINR is 64.18-64.64-65.02-65.09-65.42- In medium term Yen is relatively
strengthening against Dollar- In long term Yen is relatively strengthening
against Euro- Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently
JPYINR is in HOLD SHORT position JPYINR has formed a new 5 day low yesterday
but failed to keep the trend so if selling has to considered better below63.243
Buy if above 64.21 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 above 63.607 with a stop at 63.273 Below
63.243 go for sell
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