Pound rupee Currency futures technical analysis for 26 to 30 November 2018.
POUND INR Future Daily Chart Technical Analysis
Pound rupee future of November expiry on last trading session closed at 91.02. We saw low of 90.5 this week and pound hit my second bearish swing target of 90.7. Now on daily chart pound rupee future pair looking over sold and 90.5 will remain as strong bottom. From here expect upside up to 92.5 and above. Bu if pound slips below 90.5 and sustain there then expect deep downside move on fresh selling towards next support zones of 87.6 and below.
Pound rupee future weekly chart technical analysis
Pound rupee future on weekly chart showing losses for this week. This was third losing week for pound and in these 3 weeks pound tumbled from highs of 95.77 to lows of 90.5. Total 5 plus rupee loss for pound and pound is below major weekly averages. On weekly chart, pound is near long term support of 90 rupee and below it next long term support will be around 85 rupee. If pound rupee slips below 90 and sustain on weekly closing basis then expect 85 and below levels in medium terms. Weekly chart indicators and oscillators are bearish and heading towards bottom.
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