Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-07-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-07-2018

MTECHTIPS:- Pound is in strong downtrend with good momentum 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 SELL signal For short term Pound is in HOLD SHORT position.Positionally Support for GBPINR is 88.79-.Resistance for the GBPINR is 90.86-90.89-91.03-91.09-91.53-91.58- In medium term Pound is relatively strengthening against Euro- Dollar- In long term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position The GBPINR is in downtrend For short term buy only if close above 90.248 The GBPINR is now trading is approaching oversold level. The GBPINR is now trading is approaching oversold level. The oscillator is on BUY Signal and GBPINR is recovering from oversold level Intraday Trend- Sell if open below 88.832 or sell below 88.363 with stop loss at 90.15 Buy if open above 90.15 or buy above 90.621 with stop loss at 88.832

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