Mtechtips MCX-SX JPYINR INTRADAY trading analysis 04-11-2016
MTECHTIPS The Yen is weakening against Indian Rupee .Currently Yen is in 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 on BUY Signal and JPYINR is recovering from oversold level For short term Yen is in HOLD LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for JPYINR is 64.41-64-63.96-62.24-.Resistance for the JPYINR is 65.37-65.45-65.55-
In medium term Yen is relatively strengthening against Euro- Dollar-
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 In JPYINR is in up trend but last day trend was weak so adhere to stop at 64.389 The oscillator is showing BUY signal
Intraday Trend- Sell if below 64.64 with stop loss at 65.15 Buy is advised only above 65.28.