GBPINR : Technical View : 18.11.2019
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* GBPINR closed flat note during it’s Friday session.
* On the daily timeframe GBPINR has formed a series of higher highs and higher lows.
* The pair is currently trading above it’s previous swing highs, which can act as a great support in the near term.
* The pair has also sustained above it’s 50*200 days SMA’s, which is a positive sign for the pair.
* Additionally, momentum indicator RSI(14) has been moving positively, which signifies bullish move.
* So based on the above technical structure, we expect bullish move in GBPINR future towards 92.70 level.
* On the daily timeframe GBPINR has formed a series of higher highs and higher lows.
* The pair is currently trading above it’s previous swing highs, which can act as a great support in the near term.
* The pair has also sustained above it’s 50*200 days SMA’s, which is a positive sign for the pair.
* Additionally, momentum indicator RSI(14) has been moving positively, which signifies bullish move.
* So based on the above technical structure, we expect bullish move in GBPINR future towards 92.70 level.