Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 05-04-2018

MTECHTIPS:- Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is on SELL signal and GBPINR is coming down from overbought level For short term The current position is BUY .Positionally Support for GBPINR is 91.03-90.68-90.05-88.67-87.94-86.01-.Resistance for the GBPINR is 92.2- In medium term Pound is relatively strengthening against Yen- In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD SHORT position GBPINR is in sideways and sellers was at high so for short term better buy above 92.234 or hold with stop at 91.5325 The next resistance will be at 92.6775 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 92.234 with a stop at 91.487 Below 91.367 go for sell and put stop at 92.114

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