Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-12-2019

Mtechtips MCX-SX JPYINR INTRADAY trading analysis 18-12-2019

MTECHTIPS  Yen is strengthening against Indian Rupee in long- medium- term .Currently Yen is in strong downtrend and the trend is supported with good volume 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 and closed above 1 week high with volume signals up breakout.Positionally Support for JPYINR is 65.69-65.22-64.43-64.15-64.13-.Resistance for the JPYINR is 66.75-67.03- In medium term Yen is relatively strengthening against Pound- Short term and Intraday Level of Yen with Rupee JPYINR closed above 1 week high with volume signals up breakoutCurrently JPYINR is in HOLD LONG position JPYINR is moving sideways so short term investor better to buy only above 66.1075 or hold with stop at 0.0 The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal

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