POUND INR Future Daily Chart Technical Analysis
Pound rupee future of December expiry on last trading session closed at 90.66 with loss. We saw high around 91.3 and pound tried to test 91.45 resistance but failed which will result in sell off. Below 91.45 traders keep sell on rise view with strict stoploss for big downside targets of 87.1 and below in upcoming week. Daily char indicators and oscillators are bearish and overbought which is perfect recipe for short sell. In upcoming expect high volatility in UK pound on brexit news flow.
Pound rupee future weekly chart technical analysis
Pound rupee future on weekly chart showing gain for this week. This was second gaining week for pound and in these 2 weeks we saw recovery from 89 to 91+ means 2 rupee plus gains for pound. Pound tested major weekly averages this week but indicators are still bearish suggesting downside for pound in medium to longer terms. If pound falls below 90 on weekly closing basis then expect 85 rupee target for pound.
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