Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-02-2017
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-02-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Pound is in SELL position.Positionally Immediate support for GBPINR is 82.85.Resistance for the GBPINR is 84.08-84.37-84.42-84.45-84.59-84.72-88.32-
In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Dollar-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 84.0575 with stop at 83.1875 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 83.827 with a stop at 83.183 Below 83.084 go for sell
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