GBPINR consolidating in a narrow range of 100.80-101.20 Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar slumps to 9-month low on expectations of dovish Fed pivot
* Fed Traders See Pivot From Rate Hikes to Rate Cuts in Second Half
* Japan's top FX diplomat warns sharp currency moves won't be tolerated
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR consolidating in a narrow range of 100.80-101.20, where upside it has an immediate resistance level of 101.20, on the downside if it slip below 100.80 then downside it can test 100.40-100.60 levels, while above 101.20 it may head towards 100.40-101.60 levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
