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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-08-2015

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 19-08-2015
Mtechtips GBPINR Buy around 102.60-102.55 Pound rose to intraday high Tuesday after better-than-expected inflation data increased bets about a rate hike by Bank of England in 2015, causing the sterling to strengthen.Buy strategy given above 102.10 on Monday was successful with pair inch higher towards 102.48 levels first target was at 102.40. Short term trend is expected to remain positive and a break above 102.50 is expected attract huge buying activities with stop loss below 100.25.
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