Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-01-2017
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 and has moved down its previous low with good volume points to a negative break out . 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 and GBPINR closed below 1 week low with volume signals down breakout.Positionally Immediate support for GBPINR is 82.69.Resistance for the GBPINR is 84.14-84.19-84.59-84.68-84.86-85.61-90.07-
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
GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR has formed new 5 day high but the trend looks weak so better buy above 84.449 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 82.744 with stop loss at 83.988 or sell below 82.285Buy is not advised till it cross 84.449
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