Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-07-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 26-07-2016
MTECHTIPS Pound snapped two-day falls Monday as concerns over UK’s exit from the European Union subsided on expectations of looser monetary policies ahead.GBPINR witnessed a gap opening at 88.3650 compare to previous close of 87.9050 and settled at 88.45 levels. Intraday price action resulted in formation of bullish harem candle stick which is indicating for momentum upside move in GBPINR.On the other hand, pair would need to trade below 88.10 in order to test 87.65-87.35.
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