Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-08-2016

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 04-08-2016
MTECHTIPS Pound traded little changed Wednesday as investors preferred to remain on the sideline ahead of the bank of England’s monetary policy decision Thursday.GBPINR extended its recent recovery and settled at 89.782 with gain of 1.11%. A long bullish candle stick formation on EOD chart is yet indicating for bullishness in GBPINR. Further, crucial support is seen at 89.10 sustain trade below only will expect to test 88.70-88.40.Buy on dip around 89.25-89.35 Target 89.75-89.90. Stop loss below 89.10.
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