Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-02-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-02-2017
MTECHTIPS:- Pound is weakening against Indian Rupee.Currently Pound is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. 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 SELL position.Positionally Support for GBPINR is 83.88-83.86-.Resistance for the GBPINR is 84.69-84.83-85.05-85.07-88.85-
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 showing some Up momentum So buy above 84.356 with stop at 83.5 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is on BUY Signal and GBPINR is recovering from oversold level
Intraday Trend- Buy is advised only above 84.639 with a stop at 83.992 Below 83.882 go for sell and put stop at 84.529
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