POUND INR Future Daily Chart Technical Analysis
Pound rupee future of December expiry on last trading session closed at 90.63 with gain. We saw low around 89.15 and from that level pound given smart bounce back and moving towards 91.45 resistance level. Pound still is in downtrend against rupee but bouncing towards major levels. If gives breakout above 91.45 with strong price action and on volume then that will be buying opportunity for targets 93.75 and above. Below 91.45 if this recovery rally fails then expect news low for pound.
Pound rupee future weekly chart technical analysis
Pound rupee future on weekly chart showing gain for this week. This was first gaining week for pound after last 4 weeks sell off. This we saw almost 1.8 rupee or 2% recovery in pound from the lows. On weekly chart pound is oversold and look like bottomed out at 89.2. If sustain above 90 on weekly closing basis then expect 93.9 levels in medium terms. If slips below 90 then low of 85 can be expected in next 3-5 weeks timeframe.
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