Pound rupee Future daily Chart Analysis
Pound rupee future of March expiry on last trading session closed at 92.08 with loss. In this week pound was down for 5 days and up for 0 day. Pound after breakdown below 93.8 enter bearish trend and hit 92.2 rupee sell target and now next support and bearish target will be around 89.5. Daily chat indicators are approaching oversold zone so keep strict stop loss for short positions.
Pound rupee future weekly chart analysis
Pound rupee future on weekly chart showing loss for this week. This was 1st losing week for pound after last 2 week’s big rally. This week we saw almost 2 rupee plus movement in pound and pound is correcting towards 91.25 rupee support zone. On weekly chart pound is in long term uptrend and above 91.25 will remain buy and accumulate for 2019 and on upside my investment targets are 96.5 and then 104 rupees. We already saw high near 95.4 rupees.
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