Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-03-2016
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 10-03-2016
MTECHTIPS :- The pound held on to small gains against the dollar on Wednesday after data showing that U.K. industrial output rebounded in January after a steep drop in the previous month.GBPINR traded range bound in between 96.00-96.15 levels and settled at 96.00. Intraday price action resulted in formation of Doji candle stick which is indicating for indecisiveness in near term. Near term support is seen at 95.75 sustain trade below it will expect to test 95.50-95.00. On the other hand, strong resistance is seen at 96.20 sustain trade above only GBPINR will expect to test 96.60-96.80.
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