Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 13-06-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum but volume is unsatisfactory 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 81.2.Resistance for the GBPINR is 82.79-83-83.22-83.42-83.6-83.71-84.4-
In medium term Pound is relatively strengthening against Euro- Yen-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is moving sideways so short term investor better to buy only above 83.7 or hold with stop at 81.5225 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 82.404 with a stop at 81.786 Below 81.686 go for sell
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