Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 29-08-2018

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for GBPINR is 90.07-89.84-89.41-89.23-89.16-89.08-.Resistance for the GBPINR is 91.28- In medium term Pound is relatively strengthening against Euro- Dollar- Yen- In long term Pound is relatively strengthening against Euro- Dollar- Yen- Short term and Intraday Level of Pound with Rupee GBPINR closed above 1 week high with volume signals up breakoutCurrently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 89.92 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- Buy is advised above 90.901 with a stop at 90.159 Below 90.03 go for sell with a stop at 90.771

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