Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-02-2017
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 SELL signal and has moved down its previous low. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing SELL signal For short term Pound is in HOLD SHORT position.Positionally Immediate support for GBPINR is 83.61.Resistance for the GBPINR is 84.46-84.53-84.84-84.85-84.92-85.41-89.02-
In medium term Pound is relatively strengthening against Euro- Yen- 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 moving sideways so short term investor better to buy only above 85.86 or hold with stop at 83.9475 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 84.439 with a stop at 83.872 Below 83.792 go for sell
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