Mtechtips MCX-SX GBPINR INTRADAY trading analysis 23-08-2019 MTECHTIPS:- Pound is weakening 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 86.85-86.14-85.76-85.59-.Resistance for the GBPINR is 88.66-89.4-91.17- b 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 The GBPINR was in uptrend but yesterday market closed in confusion so better hold with tight stop at 86.991 If trades and sustain below 87.2825 be alert The GBPINR is now trading in highly overbought level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal WWW.MTECHTIPS.COM 07489294118-119
Published on Aug 23 2019 10:30AM, by MTECHTIPS in Currency| Share This