POUND INR Future Daily Chart Technical Analysis
Pound rupee future of December expiry on last trading session closed at 88.98 with gain. In this week pound was down for 4 days and up for 1 day. Below 91.4 as expected we saw downtrend continuation and this week fresh low of 88.36 rupees. Below 91.4 my bearish trend targets for this months are 87.1 and then 85 rupees. Now 89.3 and 90 rupee are strong resistances on daily chart and on downside 87.1 will be support as well as target level for this downtrend. Daily chart indicators are bearish and oversold state.
Pound rupee future weekly chart technical analysis
Pound rupee future on weekly chart showing loss for this week. This was first losing week for pound after last 2 weeks upside. This week we saw high of 90.65 and low of 88.36 means 2 rupee plus downside move and long term downtrend continuation. Pound below 89.9 will remain weak and correct towards long term support of 85 rupee level.
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