Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee.Currently Pound is showing some down move and trend is strong 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 SELL signal For short term Pound is in HOLD LONG position.Positionally Immediate support for GBPINR is 79.69.Resistance for the GBPINR is 81.58-81.63-81.69-83.12-83.43-83.96-86.08-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is in sell mode sell below 79.7 buy only above 81.715 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 79.7 with stop loss at 80.481 or sell below 79.471Buy is not advised till it cross 80.711WWW.MTECHTIPS.COM
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