Mtechtips MCX-SX GBPINR INTRADAY trading analysis 7-06-2019 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 . Noting point is selling at lower levels seems decreasing. 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 87.48.Resistance for the GBPINR is 88.74-89.35-90.21-90.77-91.48-91.64-92.26-In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Dollar- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below87.505 Buy if above 88.835 The oscillator is showing SELL signal WWW.MTECHTIPS.COM 07489294118-119
Published on Jun 7 2019 10:55AM, by MTECHTIPS in Currency| Share This