Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-06-2017
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 SELL signal and has moved down its previous low with good volume points to a negative break out . 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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for GBPINR is 81.2.Resistance for the GBPINR is 82.8-83-83.23-83.54-83.73-83.77-84.42-
In medium term Pound is relatively strengthening against Euro-
Short term and Intraday Level of Pound with Rupee
GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 82.966 or hold with stop at 81.5225 The next resistance will be at 83.7 The oscillator is showing SELL signal
Intraday Trend- Buy above 82.966 and keep stop below 81.606 Target is 83.487 next 84.358 Below 81.088 trend reversal can occur and next level is 80.219
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