Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-12-2016
MTECHTIPS The Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .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 85.95-85.2-84.97-84.61-83.8-83.67-.Resistance for the GBPINR is 91.73-
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 85.424 The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 87.044 or in low buy above 85.978 Target is 87.404 next 88.006 Below 85.618 trend reversal can occur so keep long stop at 85.618.