GBPINR has been outperforming for the last two trading sessions, and 102.60-102.80 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar stumbles as signs point to Fed skipping June rate hike
* Fed’s Harker Says FOMC Should ‘at Least Skip’ June Rate Hike
* Dollar stabilizes; progress of debt ceiling bill, Fed officials in focus
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR has been outperforming for the last two trading sessions, and 102.60-102.80 is an immediate resistance zone. Above this, we can expect a short-covering rally towards the 103.00 zone. On the downside, 102.40 is the immediate support level, while 102.20 will be the next important support level
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