Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 07-04-2017
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 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 BUY signal For short term The current position is BUY .Positionally Immediate support for GBPINR is 80.35.Resistance for the GBPINR is 81.6-81.79-81.82-83.2-83.5-83.99-86.17-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- Yen-
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 81.715 or hold with stop at 80.6775 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 80.309 with stop loss at 81.082 or sell below 80.08Buy is not advised till it cross 81.312
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