Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-04-2018

MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is moving sideways 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 but has moved past its recent high with good volume points to a positive break out . 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 Pound is in HOLD LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for GBPINR is 91.48-91.37-90.81-90.31-88.96-88.19-86.19-. Immediate resistance for GBPINR is 92.63 In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position GBPINR is in sideways and sellers was at high so for short term better buy above 92.595 or hold with stop at 91.2075 The next resistance will be at 92.265 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 92.595 with a stop at 91.896 Below 91.786 go for sell and put stop at 92.485

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