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

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

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend but volume is unsatisfactory 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 88.94-.Resistance for the GBPINR is 90.46-90.55-90.75-90.87-91.24-91.5- 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 SHORT position GBPINR is in sideways so for short term better buy above 90.41 with stop at 88.87 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 90.1 with a stop at 88.912 Below 88.632 go for sell

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