Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-11-2016
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 showing BUY signal For short term The current position is BUY .Positionally Support for GBPINR is 84.53-84.03-83.94-83.17-.Resistance for the GBPINR is 85.95-86.77-91.9-
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 GBPINR has formed new high but the trend looks weak so better buy above 86.292 The oscillator is showing SELL signal
Intraday Trend- Sell only if open below 85.139 with stop loss at 86.022 or sell below 84.87 Buy is not advised till it cross 86.292.