GBPINR : Technical View : 09.12.2019
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In the last trading session, GBPINR closed on a negative note has it faced pressure from the upper levels.
But, on the daily timeframe the pair has been trading in a upward sloping channel, which signals the counter is in a strong uptrend.
Moreover, the pair has sustained above its 20*50 EMA confirming positive momentum in the pair.
But, momentum indicator MACD has shown a positive crossover which confirms power to the bulls.
So based on the above mixed technical structure, we expect sideways to bullish move in GBPINR future towards 93.95 level.
But, on the daily timeframe the pair has been trading in a upward sloping channel, which signals the counter is in a strong uptrend.
Moreover, the pair has sustained above its 20*50 EMA confirming positive momentum in the pair.
But, momentum indicator MACD has shown a positive crossover which confirms power to the bulls.
So based on the above mixed technical structure, we expect sideways to bullish move in GBPINR future towards 93.95 level.