Mtechtips MCX-SX YEN JPYINR INTRADAY trading analysis 23-05-2019
MTECHTIPS:- Yen is weakening against Indian Rupee .Currently Yen is moving sideways The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above64.99 or buy with strict stop at 62.25. The JPYINR is now trading in oversold level. The JPYINR is now trading in oversold level. The oscillator is on SELL signal and JPYINR is coming down from overbought level For short term Yen is in HOLD LONG position.Positionally Support for JPYINR is 63.02-62.89-.Resistance for the JPYINR is 63.81-63.84-63.93-64.15-64.24- In long term Yen is relatively strengthening against Dollar- Pound- Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD SHORT position JPYINR is in sideways so for short term better buy above 64.73 with stop at 63.1525 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 63.587 with a stop at 63.074 Below 62.984 go for sell and put stop at 63.497
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