Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 17-04-2018

MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound. 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 LONG position.Positionally Support for GBPINR is 91.9-91.84-91.28-90.59-89.34-88.49-86.41-. Immediate resistance for GBPINR is 94.17 In long term Pound is relatively strengthening against Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 92.973 The GBPINR is now trading in highly overbought level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal  Intraday Trend- is in intraday buy level better buy above 94.148 or in low buy above 93.403 Target is 94.338 next 94.649 Below 93.213 trend reversal can occur so keep long stop at 93.213

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