Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-03-2016
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 11-03-2016
MTECHTIPS :- Pound traded flat Thursday as investors await the outcome of European Central Bank to gain insights into the central banks view on the world economic health.GBPINR traded range bound in between 95.60-95.85 levels and settled at 95.63. Intraday price action resulted in formation of hammer candle stick which is indicating for trend reversal in GBPINR, while a break below the crucial support 95.75 indicating for bearishness towards 95.00-94.80.On the other hand, strong resistance is seen at 96.20 sustain trade above only GBPINR will expect to test 96.60-96.80.Short term sell could expect around 96.00-96.05 Target 95.75-95.50. Stop loss above 96.20 .
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