February 23, 2017

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 14-09-2016
MTECHTIPS Pound edged lower against the U.S. dollar on Tuesday, after the release of disappointing inflation data from the U.K., although comments by a Federal Reserve official limited the greenback’s Gainsborough traded in between its previous day range and settled at 88.96, almost flat. Intraday price action resulted in formation of high wave candle stick which is indicating for indecisive trend in GBPINR. Massive resistance is seen at 89.20 and sustained trade above only will expect to test 89.55-89.80. On the downside, crucial support is seen at 88.80 and probability for correction will increase below this level for the target 88.50-88.35. WWW.MTECHTIPS.COM


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