Home / TIPS / Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-01-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-01-2017

MTECHTIPS Pound is weakening against Indian Rupee .Currently Pound is moving sideways The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the GBPINR if it close above85.74 or buy with strict stop at 82.8. 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 LONG position.Positionally Support for GBPINR is 83.41-.Resistance for the GBPINR is 84.32-84.56-84.75-85.12-85.72-90.26-

In medium term Pound is relatively strengthening against Dollar- In long term Pound is relatively strengthening against Dollar-

Short term and Intraday Level of Pound with Rupee

Currently GBPINR is in HOLD LONG position GBPINR is moving sideways so short term investor better to buy only above 84.24 with stop at 83.675 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 84.178 with a stop at 83.463 Below 83.333 go for sell

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