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Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 04-08-2016
MTECHTIPS Pound traded
little changed Wednesday as investors preferred to remain on the sideline ahead
of the bank of England's monetary policy decision Thursday.GBPINR extended its
recent recovery and settled at 89.782 with gain of 1.11%. A long bullish candle stick formation on EOD
chart is yet indicating for bullishness in GBPINR. Further, crucial support is
seen at 89.10 sustain trade below only will expect to test 88.70-88.40.Buy on
dip around 89.25-89.35 Target 89.75-89.90. Stop loss below 89.10.
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