Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-05-2019 MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 The current position is BUY .Positionally Immediate support for GBPINR is 89.74.Resistance for the GBPINR is 91.29-91.33-91.41-91.75-91.76-92.26-92.38- 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 SHORT position GBPINR is in sell mode sell below 89.72 buy only above 91.95 The oscillator is showing SELL signal Intraday Trend- Sell if open below 89.72 with stop loss at 90.481 or sell below 89.511Buy is not advised till it cross 90.691 WWW.MTECHTIPS.COM 07489294118-119
Published on May 17 2019 10:51AM, by MTECHTIPS in Currency| Share This