Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. 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 Immediate support for GBPINR is 79.57.Resistance for the GBPINR is 81.33-81.51-81.53-82.96-83.32-83.91-85.92-
In medium term Pound is relatively strengthening against Euro- Yen- In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in SELL position GBPINR is in sideways so for short term better buy above 81.5175 with stop at 79.885 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 80.731 with a stop at 80.099 Below 80 go for sell
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