Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the GBPINR above 82.43 or buy with strict stop at 79.44. 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 Pound is in HOLD SHORT position.Positionally Support for GBPINR is 81.21-80.91-.Resistance for the GBPINR is 82-83.3-83.63-84.04-86.33-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- 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 is moving sideways so short term investor better to buy if close above 81.985 closing below 80.875 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 82.074 with a stop at 81.337 Below 81.197 go for sell and put stop at 81.934
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