Home / TIPS / Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-09-2015

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-09-2015

 

 Mtechtips MCX-SX GBPINR INTRADAY trading analysis 16-09-2015

Mtechtips Pound up during mid-European trade Tuesday after United Kingdom posted in-line with forecast consumer inflation in August giving rise to expectation of a possible rate hike taking place early next year.  GBPINR saw a pull down from the intraday peak of 102.89 and tested 102.50 yesterday.  However sell strategy given below 102.35 was not initiated. Today, correction will expect to come below 102.50 else bounce back is appearing to take place from 102.55-102.50 towards 102.95 again.

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