December 11, 2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-08-2016

MTECHTIPS Pound traded near two-week high Thursday after better than expected UK retail sales data amid weak dollar. Pound extended gains by breaching its highest level since Jul 5 after strong UK retail sales data amid tracking weakness in dollar GBPINR witnessed 1.26% positive rally and settled at 88.0125 levels.  In near term GBPINR may take momentum upside move and may test 88.50-88.75 and above following to long bullish candle stick formation on EOD chart. Buy above 88.15 Target 88.50-88.70. Stop loss below 88.00

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