Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-11-2015
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 24-11-2015
Mtechtips Pound traded near two-week low Monday as dollar surged to over seven-month high on expectation of the first Federal Reserve rate hike in nearly a decade in December. GBPINR witnessed consolidation around 100.70 levels and settled at 100.70 with 0.50% loss. Today, a break below 100.65 may show correction towards 100.40-100.00 levels underlying trend still looks negative following to strength in dollar index. On the other hand, a break above 101.00 only is expected to show recovery rally towards 101.50-101.75
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