Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-03-2016
Wednesday, March 2, 2016 0:19
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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-03-2016
MTECHTIPS :- Pound traded volatile for second straight day Tuesday as risk appetite rose sharply after oil prices surged on China stimulus and Saudi Arabia’s pledge to address supply glut.GBPINR fluctuated in between 95.20-95.80 levels and settled at 95.38, up by 0.125. Near term trend is expected to remain volatile in GBPINR and pair may traded in between the immediate resistance is seen of 96.00 and support at 95.20 before next bearish move.Intraday sell could expect around 95.10-95.20 Target 94.80-94.60. Stop loss above 95.30.
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