October 27, 2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 31-08-2016

MTECHTIPS Pound traded up for fourth straight day Tuesday as dollar surged to over two-week high on fears Federal Reserve may hike its rates in near future.After hitting a low of 88.0675, GBPINR saw a pullback towards 88.2825 and settled at 88.2525.Near term trend expect to remain bearish and any rise towards 88.50-88.60 could attract selling activities for the target 88.10-87.75.On the upside, strong resistance is seen at 88.75 the 89.25.




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