Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 21-06-2017
MTECHTIPS:- The Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is 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 BUY signal For short term Pound is in SELL position.Positionally Immediate support for GBPINR is 80.83.Resistance for the GBPINR is 82.69-82.77-83.04-83.12-83.16-83.47-84.23- In medium term Pound is relatively strengthening against Euro- Dollar- Yen-Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR has formed new high but the trend looks weak so better buy above 82.404 The oscillator is showing BUY signal Intraday Trend- Sell if open below 81.427 with stop loss at 82.184 or sell below 81.207Buy is not advised till it cross 82.404
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