GBPINR : Technical View : 28.11.2019
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* GBPINR closed on a weak note falling by 0.04% during it’s last trading session.
* Moreover, on the daily timeframe the pair has closed sustained below its 20 EMA which signifies power to the bears.
* Moreover, the pair has started trading below it’s Parabolic SAR which suggests bearish momentum in the counter.
* Also, momentum indicator RSI(14) has retreated after touching the overbought levels which suggests bearishness in prices in the near term.
* So based on the above technical structure, we expect bearish move in GBPINR future towards 91.99 level.
* Moreover, on the daily timeframe the pair has closed sustained below its 20 EMA which signifies power to the bears.
* Moreover, the pair has started trading below it’s Parabolic SAR which suggests bearish momentum in the counter.
* Also, momentum indicator RSI(14) has retreated after touching the overbought levels which suggests bearishness in prices in the near term.
* So based on the above technical structure, we expect bearish move in GBPINR future towards 91.99 level.