Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-02-2017
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 on SELL signal and GBPINR is coming down from overbought level and has moved down its previous low and the negative trend is still continuing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on SELL signal and GBPINR is coming down from overbought level For short term Pound is in HOLD SHORT position.Positionally Immediate support for GBPINR is 83.17.Resistance for the GBPINR is 84.48-84.51-84.78-84.89-84.94-85.27-88.96-
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 in sell mode sell below 83.233 buy only above 85.86 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- Sell if open below 83.233 with stop loss at 83.958 or sell below 83.044Buy is not advised till it cross 84.148
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