Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 06-08-2018

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 and has moved down its previous low with good volume points to a negative break out . 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 and GBPINR closed below 1 week low with volume signals down breakout.Positionally Support for GBPINR is 88.91-.Resistance for the GBPINR is 90.63-90.64-90.82-90.96-91.36-91.52- 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 GBPINR and closed below 1 week low with volume signals down breakoutCurrently GBPINR is in HOLD SHORT position GBPINR is in sideways so for short term better buy above 90.68 with stop at 88.87 The oscillator is showing SELL signal Intraday Trend- Buy above 90.37 and keep stop below 89.231 Target is 90.771 next 91.422 Below 88.832 trend reversal can occur and next level is 88.183

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