Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-08-2018

MTECHTIPS:- Pound is weakening 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 showing BUY signal .In last 1 month volatality is very less Buy the GBPINR above 91.69 or buy with strict stop at 88.41. 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 SHORT position.Positionally Support for GBPINR is 89.91-88.89-.Resistance for the GBPINR is 90.69-90.85-91.01-91.41-91.53- 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 GBPINR is in sideways so for short term better buy above 90.631 or hold with stop at 89.83 The next resistance will be at 90.68 The GBPINR is now trading is approaching overbought level. The GBPINR is now trading is approaching overbought level. The oscillator is on SELL signal and GBPINR is coming down from overbought level Intraday Trend- Buy above 90.631 and keep stop below 89.96 Target is 90.791 next 91.062 Below 89.8 trend reversal can occur and next level is 89.531

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