Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-01-2016
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-01-2016
Mtechtips MPC Official Bank Rate Votes GBPINR continued its recent bearish trend for fourth consecutive week and sell on rise strategy given around 98.80 was successful with pair drop towards 97.55 pair settled at 97.7725 levels. Technically, near term trend is expected to remain bearish following the breakout of six week consolidation support at 100.20. This week, fresh sell is expected to come below 97.40 levels. On the upside, 99.50 will act as a strong resistance sustain above only will expect to show recovery rally towards 100.20-101.00. Target would be 97.60-97.30.
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