Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-09-2018

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 12-09-2018

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 . 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 92.41-91.51-90.62-90.41-90.35-90.22-89.51-. Immediate resistance for GBPINR is 95.38 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 93.652 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- is in intraday buy level better buy above 95.441 or in low buy above 94.381 Target is 95.781 next 96.362 Below 94.042 trend reversal can occur so keep long stop at 94.042

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