Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-11-2016
MTECHTIPS The Yen is weakening against Indian Rupee .Currently Yen is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Yen. 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 62.32-.Resistance for the JPYINR is 64.51-64.57-64.79-65.42-65.45-65.48-
In medium term Yen is relatively strengthening against Euro- Dollar-
Short term and Intraday Level of Yen with Rupee
Currently JPYINR is in HOLD LONG position JPYINR is in profit booking mode so better sell and enter at lower level The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 64.799 with a stop at 63.692 Below 63.413 go for sell.