Mtechtips MCX-SX GBPINR INTRADAY trading
analysis 23-08-2016
MTECHTIPS Pound traded near
two-week high Thursday after better than expected UK retail sales data amid
weak dollar. Pound extended gains by breaching its highest level since Jul 5
after strong UK retail sales data amid tracking weakness in dollar GBPINR
extended its recent bullish trend and settled at 88.1650 with gain of
0.09%. In near term GBPINR may take
momentum upside move and may test 88.50-88.75 and above following to long
bullish candle stick formation on EOD chart. Buy above 88.32 Target
88.57/88.75. Stop loss below 88.15.
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