techtips MCX-SX GBPINR INTRADAY trading analysis 25-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 25-01-2017
MTECHTIPS Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 84.46-84.18-83.51-83.4-83.39-83.38-.Resistance for the GBPINR is 89.41-
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 LONG position GBPINR is in sideways but the trend looks weak so better buy above 85.385 or hold with stop at 83.75 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 84.561 with stop loss at 85.22 or sell below 84.401 Buy is not advised till it cross 85.38
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