Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-12-2018

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-12-2018

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 .. 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 90.28-.Resistance for the GBPINR is 91.88-92.24-93.04-93.18-93.74-94.86- 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 is in sideways so for short term better buy above 91.192 or hold with stop at 89.2825 The next resistance will be at 90.915 The oscillator is showing BUY signal  Intraday Trend- Buy above 91.192 and keep stop below 90.299 Target is 91.473 next 91.923 Below 90.02 trend reversal can occur and next level is 89.571

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