Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-07-2016
Mtechtips MCX-SX GBPINR INTRADAY trading analysis 27-07-2016
MTECHTIPS Pound fell to two-week low Tuesday on report Bank of England policy maker Martin Weale favours an immediate stimulus for the UK economy.GBPINR drop more than 0.15% yesterday and settled at 88.76. Failure trend reversal formation on EOD chart is indicating for bearishness in GBPINR.Further, massive resistance is seen at 89.85 and pair would need to trade above this level in order to test 90.50-91.00 Sell around 88.95-89.00 Target 88.45-88.10. Stop loss above 89.15.
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