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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-08-2015

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 20-08-2015

Mtechtips GBPINR off day high on Wednesday following hawkish comments by Bank of England outgoing policymaker David Miles after inflation rose unexpectedly in July.After hitting a high of 102.8050 GBPINR saw profit booking and tested 102.20 before closing at 102.35.Today, 102.20 will act as an immediate support and break below only could result in temporary fall towards 102.00-101.80 level.Traders may buy around 102.35-102.30. Target 102.60-102.80.
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