Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-07-2018 MTECHTIPS:- 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 . 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 SELL signal For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 88.76-.Resistance for the GBPINR is 90.99-91.13-91.25-91.34-91.55-91.66- In medium term Pound is relatively strengthening against Euro- Dollar- In long 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 sideways so if buying has to considered better above91.32 or hold with stop at 89.4525 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 89.121 or sell below 88.822 with stop loss at 90.09 Buy if open above 90.09 or buy above 90.39 with stop loss at 89.121 WWW.MTECHTIPS.COM 07489294118-119
Published on Jul 19 2018 11:09AM, by MTECHTIPS in Currency| Share This