Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-01-2017
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 but has moved past its recent high with good volume points to a positive 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 SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 83.42-83.26-83.08-.Resistance for the GBPINR is 84.25-84.78-85.3-89.63-
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
GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is moving sideways so short term investor better to buy only above 84.025 or hold with stop at 81.975 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 84.719 with a stop at 83.413 Below 83.084 go for sell
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