GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart
CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar steadies near six-month highs; U.S. economy shows resilience
* Dollar rises to six-month high after US data; weak yen prompts warning
* Japan won't rule out options to halt FX speculation, officials say
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82. Now, on the upside, it has immediate resistance around 104.00. On the downside, 103.70 is a first support level, while 103.50 will be the next support level.
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