GBPINR : Technical View : 22.11.2019
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* GBPINR closed with positive note and gained 0.17% during it’s last trading session.
* But, On the daily timeframe GBPINR has formed a series of higher highs and higher lows.
* Moreover, the pair is also trading above it’s Parabolic SAR, which is a positive sign and it is also moving above 50*200 days SMA’s which is an indication of strength in the counter.
* Also, momentum indicator MACD has shown a fresh positive crossover which is an indication of higher levels to come.
* So based on the above technical structure, we expect bullish move in GBPINR future towards 92.97 level.
* But, On the daily timeframe GBPINR has formed a series of higher highs and higher lows.
* Moreover, the pair is also trading above it’s Parabolic SAR, which is a positive sign and it is also moving above 50*200 days SMA’s which is an indication of strength in the counter.
* Also, momentum indicator MACD has shown a fresh positive crossover which is an indication of higher levels to come.
* So based on the above technical structure, we expect bullish move in GBPINR future towards 92.97 level.