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Mtechtips MCX-SX JPYINR INTRADAY trading
analysis 10-12-2018
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is in
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 BUY signal For short term Yen is in HOLD LONG
position.Positionally Support for JPYINR is 62.55-62.26-61.84-.Resistance for
the JPYINR is 63.8-63.93-64.34-64.66- 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 LONG position In short term JPYINR is in strong up trend so
hold with stop at 62.879 The JPYINR is now trading is approaching overbought
level. The JPYINR is now trading is approaching overbought level. The
oscillator is showing BUY signal Intraday
Trend- Buy is advised above 63.256 with a stop at 62.804 Below 62.744 go for sell
with a stop at 63.196
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