Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-09-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-09-2018

MTECHTIPS:- Pound is Strongly strengthening against Indian Rupee .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Pound Cautious point is 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 The current position is BUY .Positionally Support for GBPINR is 90.56-90.15-90.1-89.93-89.69-89.6-89.25-. Immediate resistance for GBPINR is 93.07 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 Currently GBPINR is in HOLD LONG position In short term GBPINR is in strong up trend so hold with stop at 91.894 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 is advised above 92.855 with a stop at 92.285 Below 92.215 go for sell with stop at 92.785

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