GBPINR managed to close above horizontal resistance of 93.80 - Swastika Investmart Ltd
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* USD/CNY fix: At 7.0899 vs the prior fix 7.1907
* GBPJPY rebounds from 164.00 as UK Employment data hogs limelight
* USDJPY traces firmer yields to print mild gains around 139.50, focus on G20, Japan GDP
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR managed to close above horizontal resistance of 93.80, which has opened the door for a journey toward a level of 95.50-96.00, however 94.00 is immediate support level and on the upside 95.50 act as a resistance, where move above 95.50 can lead some upside momentum towards 96.00- 96.50 while if it slips below 93.80 it may head towards 93.00-93.20 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
