GBPINR : Technical View : 27.11.2019
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* GBPINR witnessed pressure and closed on a negative note by 0.45% during it’s last trading session.
* Moreover, on the daily timeframe the pair has closed below its 20 EMA which signifies bearishness.,
* Moreover, the pair has started trading below it’s Parabolic SAR which suggests control to the bears.
* Also, momentum indicator RSI(14) has retreated after touching the overbought levels which suggests lower prices to come in the near term.
* So based on the above technical structure, we expect bearish move in GBPINR future towards 91.75 level.
* Moreover, on the daily timeframe the pair has closed below its 20 EMA which signifies bearishness.,
* Moreover, the pair has started trading below it’s Parabolic SAR which suggests control to the bears.
* Also, momentum indicator RSI(14) has retreated after touching the overbought levels which suggests lower prices to come in the near term.
* So based on the above technical structure, we expect bearish move in GBPINR future towards 91.75 level.