GBPINR : Technical View : 12.12.2019
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In the last trading session, GBPINR faced pressure from the upper levels and fell by 0.31%.
Also the pair has faced resistance near its upper Bollinger Band which signals that the bears have entered the counter.
Moreover, the Heikin Ashi candle of the pair has made a series of red candle which signals weakness in the counter.
Additionally, momentum indicator Stochastic (6) has been moving in a negative crossover which indicates bearishness.
So based on the above technical structure, we expect bearish move in GBPINR future towards 93.15 level.
Also the pair has faced resistance near its upper Bollinger Band which signals that the bears have entered the counter.
Moreover, the Heikin Ashi candle of the pair has made a series of red candle which signals weakness in the counter.
Additionally, momentum indicator Stochastic (6) has been moving in a negative crossover which indicates bearishness.
So based on the above technical structure, we expect bearish move in GBPINR future towards 93.15 level.