Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-10-2018 MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory 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. For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 96.55-96.09-95.3-92.59-91.8-91.4-90.53-. Immediate resistance for GBPINR is 99.14 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 for short term better buy above 97.865 or hold with stop at 97.0025 The next resistance will be at 98.7475 The oscillator is showing SELL signal Intraday Trend- Buy above 97.865 and keep stop below 97.065 Target is 98.076 next 98.426 Below 96.856 trend reversal can occur and next level is 96.507 WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 16 2018 10:53AM, by MTECHTIPS in Currency| Share This