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Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 22-11-2018
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 . In last few days volume based selling happened
in the Pound 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 Support for GBPINR is 91.46-.Resistance for the GBPINR is
93.03-93.74-93.96-94.35-95.13-95.38- In medium term Pound is relatively
strengthening against 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 is in sideways so for short
term better buy above 94.1075 with stop at 91.5 The GBPINR is now trading in
highly oversold level. The GBPINR is now trading in highly oversold level. The
oscillator is showing BUY signal Intraday
Trend- Buy above 92.354 and keep stop below 91.596 Target is 92.545 next 92.865
Below 91.407 trend reversal can occur and next level is 91.087
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