February 28, 2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-08-2016
MTECHTIPS Pound fell for the fifth-straight session Tuesday after lower than expected UK manufacturing production and trade data for June. The currency pair extended fall after the UK industrial production and trade data for the month of June came slightly worse than the economists’ expectation retraced from the day high 87.3775 and tested 87.05. Short term trend still looks bearish following to bearish pennant break down on EOD chart, and any rise towards 87.80-87.90 is expect to attract huge selling activities. Stop loss above 88.10.


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