Sell GBPINR below 95.63 Target 95.25 SL 95.91 - GEPL Capital
Chart for the day
GBPINR (HOURLY) - 95.69
Observation
* Prices of GBPINR have reversed from down trending trend line which it is been respecting since February 2022, which here tells that trend may continue on the downside.
* Prices on hourly time frame have closed below 12 EMA and 26 EMA which have been acting as a variable support for the prices.
* We Witnessed a negative Divergence between the prices and MACD which tells that the prices have negative momentum now.
* We spotted a negative crossover by MACD in the latest trading session, indicating the tendency to trend on the downside.
Inference
Sell below 95.63 Target 95.25 SL 95.91
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