Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-06-2017
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 82.76-83.02-83.21-83.28-83.46-83.65-84.37-
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 in sideways so for short term better buy above 83.7 with stop at 81.5225 The oscillator is showing SELL signal
Intraday Trend- Buy above 82.415 and keep stop below 81.856 Target is 82.525 next 82.715 Below 81.746 trend reversal can occur and next level is 81.557
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