GBPINR : Technical View : 20.11.2019
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* GBPINR closed in a negative note and slipped by 0.38% during it’s last trading session.
* But, On the daily timeframe GBPINR has formed a series of higher highs and higher lows.
* Also, momentum indicator MACD has shown a fresh positive crossover which is an indication of higher levels to come.
* The pair is also trading above it’s Parabolic SAR, which is a positive sign, Also momentum indicator RSI (14) has been moving up decisively which is an indication of strength in the counter.
* So based on the above technical structure, we expect bullish move in GBPINR future towards 93.03 level.
* But, On the daily timeframe GBPINR has formed a series of higher highs and higher lows.
* Also, momentum indicator MACD has shown a fresh positive crossover which is an indication of higher levels to come.
* The pair is also trading above it’s Parabolic SAR, which is a positive sign, Also momentum indicator RSI (14) has been moving up decisively which is an indication of strength in the counter.
* So based on the above technical structure, we expect bullish move in GBPINR future towards 93.03 level.