October 24, 2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-08-2016
MTECHTIPS Pound traded up Tuesday as dollar plunged after worse than expected US GDP data reduced bets for a Federal Reserve rate hike in near term. GBPINR has stalled its recent bearish trend and recovered more than 0.40% yesterday. On the EOD chart failure of bearish pattern is indicating for momentum upside move towards 90.00 and above in GBPINR before any next bearish move. Further, crucial support is seen at 88.40 sustain trade below only will expect to test 88.00-87.50.


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