February 24, 2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 03-10-2016
MTECHTIPS Sell below 86.80 Target 86.00-85.65. Stop loss above 87.30 Pound extended its fall for second consecutive week and retraced from the weekly high 87.85 towards 86.1050 as the Bank of England Monetary Policy Committee (MPC) unanimously kept its interest rates unchanged while indicated that it would cut them again before the end of the year. Technically, on the weekly chart GBPINR trading on its crucial support 86.35 which is coincide with its 14 August low and pair would need to trade below this level in order to test 84.50-84.00, else failure of the break down could result strong reversal and currency could test 88.00-89.50 again.


Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.