October 24, 2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-08-2016

MTECHTIPS Pound traded off 3-week high Thursday as investors booked profit ahead of the United Kingdom’s GDP data and Federal Reserve Chair, Janet Yellen’s speech due tomorrow.GBPINR has stalled its recent momentum upside move and retraced more than 0.45% yesterday.  On the EOD chart GBPINR formed a bearish harami candle stick which is indicating for bullish trend reversal. Hence, sell around 88.60-88.70 Target 88.20-88.00. Stop loss above 88.85On the upside, strong resistance is seen at 89.00 and pair would need to trade above it in order to test 89.35-89.70.





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.