Pound rupee Future daily Chart Analysis
Pound rupee future of March expiry on last trading session closed at 91.83 with loss. In this week pound was down for 4 days and up for 1 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. Here volatility is killing traders but below 92.2, pound will remain weak and sell for target of 89.5. Below 89.5, next support will be around 87.9 rupees. Expect high volatility on brexit news and trading will be not easy here in upcoming weeks.
Pound rupee future weekly chart analysis
Pound rupee future on weekly chart showing gains for this week. This was 1st gaining week for pound after last week’s big downside. This week we saw almost 2 rupee plus movement in pound and pound is correcting towards 91.25 rupee support zone. Here if pound breaks down below 91.25 level on weekly basis then expect deep downside level up to 84 rupees in medium to long terms.
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