Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-02-2019
Mtechtips MCX-SX JPYINR INTRADAY trading analysis 08-02-2019
MTECHTIPS:- Yen is Strongly strengthening 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 showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the JPYINR if it close above66.05 or buy with strict stop at 63.95. 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 65.12-65.07-64.79-64.17-64.15-63.74-62.81-. Immediate resistance for JPYINR is 66.05 Short term and Intraday Level of Yen with Rupee Currently JPYINR is in HOLD LONG position The JPYINR is not giving any clear signal So buy only if close above65.7625 and sell below 65.38 The oscillator is showing SELL signal Intraday Trend-The JPYINR closed in a confusion manner So buy for intraday only above 65.671 with a stop at 65.299 If opens below 65.299 or trade below 65.259 be cautious or go for sell with stop at 65.631
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