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Mtechtips MCX-SX JPYINR INTRADAY trading
analysis 21-11-2018
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 . 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 SELL position.Positionally Support for JPYINR is 63.21-61.55-.Resistance
for the JPYINR is 64.16-64.24-64.71-65.09-65.2- 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 Last few days JPYINR is moving down The JPYINR is not giving any
clear signal So buy only if close above and sell below The GBPINR is now
trading in highly oversold level. The oscillator is showing BUY signal
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