Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-08-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 30-08-2018

MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound. 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 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for GBPINR is 90.54-90.07-89.86-89.55-89.48-89.19-89.18-. Immediate resistance for GBPINR is 91.77 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 GBPINR is in sideways so for short term better buy above 91.853 or hold with stop at 89.7 The next resistance will be at 91.4075 Yesterday the up movement was with volume this also confirm an up break out The GBPINR is now trading in highly overbought level. The GBPINR is now trading in highly overbought level. The oscillator is showing BUY signal  Intraday Trend- Buy above 91.853 and keep stop below 90.968 Target is 92.114 next 92.545 Below 90.708 trend reversal can occur and next level is 90.279

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