Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-01-2017
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 and fresh Buy can be considered in the GBPINR if it close above87.79 or buy with strict stop at 82.8. 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 LONG position.Positionally Support for GBPINR is 83.8-83.43-.Resistance for the GBPINR is 84.52-84.82-85.21-85.76-90.31-
In medium term Pound is relatively strengthening against Dollar- In long term Pound is relatively strengthening against Dollar-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position GBPINR is showing Up momentum So buy above 84.117 with stop at 83.675 The oscillator is showing BUY signal
Intraday Trend- Buy above 84.459 and keep stop below 83.872 Target is 84.589 next 84.799 Below 83.742 trend reversal can occur and next level is 83.533
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