October 22, 2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 01-09-2016

MTECHTIPS Pound snapped four days fall Wednesday as investors covered their short positions tracking subdued dollar ahead of labour market data from the world’s largest economy.GBPINR failed to break its previous day low, and saw a pull back towards 88.56 from the day low 88.1125. Intraday price action resulted in formation of high wave candle stick which is indicating for indecisive trend in days to come.Today, correction is expect to come below 88.05, else pair may show consolidation in the range of 88.20-88.60




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