Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-12-2018
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-12-2018
MTECHTIPS:- 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. For short term Pound is in HOLD SHORT position.Positionally Immediate support for GBPINR is 88.45.Resistance for the GBPINR is 90.63-90.76-91.29-92.26-92.96-93.75-93.91- In medium term Pound is relatively strengthening against Euro- Dollar- 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 and sellers was at high so for short term better buy above 89.759 or hold with stop at 88.8075 The next resistance will be at 91.1 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 89.759 with a stop at 88.832 Below 88.642 go for sell and put stop at 89.569
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