Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-01-2017
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 Buy the GBPINR above 85.03 or buy with strict stop at 82.46. 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 Immediate support for GBPINR is 82.46.Resistance for the GBPINR is 84.07-84.15-84.54-84.71-85.57-90.01-
In medium term Pound is relatively strengthening against Euro- Dollar- 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 83.597 or hold with stop at 82.7875 The next resistance will be at 84.695 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 83.597 with a stop at 82.794 Below 82.634 go for sell and put stop at 83.437
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