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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-01-2017

Sunday, January 8, 2017 22:46
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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 09-01-2017



MTECHTIPS Pound Rupee Future This Week Closed At 84.3 With Gain. This Was Second Weekly Gains For Pound Against Rupee And In These 2 Weeks Pound Rallied From Low Of 83.2 To High Of 84.5. Total 1.3 Rupee Or 1.5% Gains In 2 Weeks.

Gbp Inr Future Is Bearish And Bouncing Back Towards Resistance Of 84.65 To Test It. Which Might Over In This Week. For Next Week, Pound Remain Sell Below 84.65 And Traders Can Expect Downside Target Of 82.25 And Below In Next Week. If Pound Sustain Above 84.65 For 2-3 Trading Session Then Only It Confirm Uptrend For Pound Against Rupee. Daily Chart Price Pattern As Well As Indicators Are Bullish But At Resistance Levels.Gbpinr Long Term Chart Are Bearish And Pound Is In Absolute Downtrend Against Rupee. For 2017, Pound Is Heading Towards 76.5 Target. Below 88.5 Gbp Will Remain Weak And Sell On Rise For Long Term Investors.




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