Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-01-2016
Thursday, January 7, 2016 23:26
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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 08-01-2016
Mtechtips Pound at near nine-month low Thursday as global growth woes lower bets for a rate hike by the Bank of England leading to monetary divergence in the UK and US.GBPINR rocked as per the sell strategy given around 98.30-98.20 with pair drop towards 97.55 levels. Short term trend has been shifted into correction phase and any rise towards 98.00 is expected to attract huge selling pressure in days to come.
Target would be 97.60-97.30.
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