Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-04-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-04-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is showing some up move after small correction and trend is strong and 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 HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 80.79-80.78-80.62-.Resistance for the GBPINR is 82.62-83.18-83.78-85.62-
In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee

GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 80.893 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 82.455 or in low buy above 81.517 Target is 82.765 next 83.276 Below 81.207 trend reversal can occur so keep long stop at 81.207
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