Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-01-2019 MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is showing some up move after small correction and the trend and not gained strength and 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 HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 89.32-88.86-88.75-.Resistance for the GBPINR is 91.61-92.16-92.82-93.25- In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Dollar- Yen- Short term and Intraday Level of Pound with Rupee GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 89.329 The oscillator is showing BUY signal Intraday Trend- Buy if open above 90.431 with a stop at 89.67 or buy above 90.641 Below 89.461 go for sell or sell if open below89.67 WWW.MTECHTIPS.COM 07489294118-119
Published on Jan 10 2019 10:43AM, by MTECHTIPS in Currency| Share This