Buy GBPINR at 100.5000 Target 101.5000 SL 99.9900 - GEPL Capital
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Observation
* The GBPINR currency is showing signs of an upward trend, as evidenced by its pattern of consistently higher tops and bottoms.
* The GBPINR currency pair has broken out of a rounding bottom pattern, indicating the start of an upward trend. This breakout is further supported by an increase in trading volume.
* The prices of GBPINR currency pair are consistently close to the upper Bollinger band, indicating increasing volatility in the upward trend.
* The relative strength index (RSI) for the GBPINR currency on the hourly time frame is rising in tandem with prices, indicating a growing momentum for the currency to appreciate.
Inference
* Buy GBPINR at 100.5000 Target 101.5000 SL 99.9900
GBPINR (DAILY) - 100.4700
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