Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-11-2016
MTECHTIPS The Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 84.48-84-83.9-83.01-.Resistance for the GBPINR is 85.99-86.83-91.96-
In medium term Pound is relatively strengthening against Dollar- In long term Pound is relatively strengthening against Euro- Dollar- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 84.99 The oscillator is showing BUY signal Intraday Trend- Sell if open below 84.83 or sell below 84.59 with stop loss at 85.651 Buy if open above 85.651 or buy above 85.891 with stop loss at 84.83.