This Week GBPINR - Outlook : 25.11.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
* Following the penultimate weeks massive gains, last week GBPINR extended its gains after opening at 92.61 and made a high of 93.30 in the mid of the week and but later on it failed to hold and gradually slipped lower and finally settled almost near the weeks low at 92.41.
* Pair has almost reclaimed till 61.8% retracement level of previous fall and turned lower from the
precisely from the same. Now, the immediate support is placed at 92.00 and break down below
that will provide correction till 91.00 then 90.00. As the primary trend is still bullish we expect
GBPINR pair to rebound after testing the supports.
* The momentum indicator RSI has been on a flat note at 62.40 and stochastic indicator is on the
verge of negative cross over.
* For the week, we expect GBPINR pair to witness correction after penetrating the support of 92.00
mark and recommend buying on dips around 91.00.
* Pair has almost reclaimed till 61.8% retracement level of previous fall and turned lower from the
precisely from the same. Now, the immediate support is placed at 92.00 and break down below
that will provide correction till 91.00 then 90.00. As the primary trend is still bullish we expect
GBPINR pair to rebound after testing the supports.
* The momentum indicator RSI has been on a flat note at 62.40 and stochastic indicator is on the
verge of negative cross over.
* For the week, we expect GBPINR pair to witness correction after penetrating the support of 92.00
mark and recommend buying on dips around 91.00.