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Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 06-12-2018
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 . 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 BUY signal
For short term Pound is in SELL position.Positionally Support for GBPINR is
90.11-.Resistance for the GBPINR is 91.64-92.24-93.02-93.04-93.76-94.77- 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 LONG position
GBPINR has crossed the high so for short term better buy above 90.942 with stop
at 89.2825 The oscillator is showing BUY signal Intraday Trend- Buy above 90.942 and keep stop
below 90.03 Target is 91.212 next 91.673 Below 89.76 trend reversal can occur
and next level is 89.301
07489294118-119
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