February 20, 2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-09-2016

MTECHTIPS Pound traded near one-week high Thursday after better than expected UK manufacturing PMI data eased concerns over Brexit’s impact on United Kingdom’s economy. GBPINR turn bullish and tested 89.16 before closing at 89.0175. A long bullish candle stick formation on EOD chart is indicating for bullishness in days to come. Further, crucial support is seen at 88.30 and correction is expected to come below this level for target 88.00-87.75.




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