Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-05-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-05-2017
MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 LONG position.Positionally Support for GBPINR is 83.21-83.14-82.69-82.63-82.38-81.76-.Resistance for the GBPINR is 84.77-
In long term Pound is relatively strengthening against Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD LONG position The GBPINR is in slight up trend. Hold long with tight stop at 83.701 If trades and sustain above 84.02 it is again buying signal The oscillator is showing BUY signal
Intraday Trend-The GBPINR closed in a confusion manner So buy for intraday only above 84.348 with a stop at 83.702 If opens below 83.702 or trade below 83.602 be cautious or go for sell with stop at 84.248
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