Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-12-2018

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-12-2018

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 .. 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 SHORT position.Positionally Support for GBPINR is 89.89-.Resistance for the GBPINR is 91.2-92.24-92.71-93.03-93.81-94.57- 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 is moving sideways so short term investor better to buy if close above 90.915 closing below 89.64 Sell will happen. The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 90.911 with a stop at 90.329 Below 90.249 go for sell and put stop at 90.831

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