Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-12-2018

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 05-12-2018

MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in strong downtrend with good momentum 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 BUY signal For short term Yen is in HOLD SHORT position.Positionally Support for JPYINR is 62.34-61.74-.Resistance for the JPYINR is 63.32-63.77-64.22-64.3-64.8- 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 is in sideways and sellers was at high so for short term better buy above 63.196 or hold with stop at 61.77 The next resistance will be at 62.71 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 63.196 with a stop at 62.405 Below 62.225 go for sell and put stop at 63.016

WWW.MTECHTIPS.COM   

07489294118-119