Mtechtips MCX-SX GBPINR INTRADAY trading analysis 02-06-2016
MTECHTIPS :- Gbp inr future today closed at 97.81. Here pound below 98.2 remain weak and sell on rise. On downside 97.6 and 97 are target zones for intraday. In last three weeks period pound recovered from lows of 95 to high of 100 rupees. For next week, gbp inr future outlook remain bullish and strategy remain buy on dips. on gbp inr weekly chart, On downside 98.5 and 97.35 are strong support zones as well as fresh buying levels. On upside 99.2 and 99.8 are resistances as well as tgt zones for next week. Gbp inr monthly chart suggesting this fresh recovery move has its long term tgt around 103+ if sustain above 98 rupee level.