Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-06-2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 22-06-2017

MTECHTIPS:- Pound is weakening against Indian Rupee .Currently Pound is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling 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 Pound is in SELL position.Positionally Immediate support for GBPINR is 80.83.Resistance for the GBPINR is 82.63-82.67-82.95-83.14-83.16-83.41-84.2-

In medium 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 moving sideways with low volatality so short term investor better to buy if close above 82.8225 close below 81.15 Sell will happen. The oscillator is showing SELL signal

Intraday Trend-Intraday better to buy above 82.525 and Sell if below81.187

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