Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-06-2017
MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Pound. 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 Support for GBPINR is 81.8-.Resistance for the GBPINR is 82.65-82.8-83.09-83.22-83.23-84.13-
In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro-
Short term and Intraday Level of Pound with Rupee
Currently GBPINR is in HOLD SHORT position GBPINR is showing some Up momentum So buy above 82.039 with stop at 81.525 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 82.575 with a stop at 81.936 Below 81.836 go for sell and put stop at 82.475
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