GBPINR : Technical View : 10.12.2019
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* In the last trading session, GBPINR closed on a weak note by 0.02%.
* 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 bullish momentum.
* But, momentum indicator Stochastic (6) has shown a negative crossover which indicates weakness.
* So based on the above mixed technical structure, we expect sideways move with a bullish bias in GBPINR future towards 93.83 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 bullish momentum.
* But, momentum indicator Stochastic (6) has shown a negative crossover which indicates weakness.
* So based on the above mixed technical structure, we expect sideways move with a bullish bias in GBPINR future towards 93.83 level.