Mtechtips MCX-SX GBPINR INTRADAY trading analysis 28-09-2016
MTECHTIPS Pound traded lower Tuesday as the greenback rebounded as investors’ risk sentiments surged post Hillary Clinton won over Donald Trump in the first US presidential debate.GBPINR remained bearish for fourth consecutive day and settled at 86.6875 levels. Near term trend expect to remain bearish in GBPINR following to the three black crows candle stick pattern on the EOD chart. Sell below 86.75 Target 86.30-86.00. Stop loss above 86.85.On the upside, strong resistance is seen at 86.85 sustain trade above only will expect to test 87.25-87.55.