Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-04-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-04-2018

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 The current position is BUY .Positionally Support for GBPINR is 92.33-92.09-91.55-90.75-89.56-88.64-86.53-. Immediate resistance for GBPINR is 94.79 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 GBPINR is in up trend but last day trend was weak so adhere to stop at 93.445 The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 92.874 with stop loss at 93.847 Buy is advised only above 94.138

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