GBPINR has given Negative closing below 100.70 level - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Dollar idles after tumble from 19-month peak; Aussie firm before RBA
* Dollar slides as recent rally takes a pause, may have seen short-term peak
* HSBC Strategist Sees Bullish Pound Risks Going Into BOE Meeting
Chart of the day:
GBPINR: GBPINR has given Negative closing below 100.70 level. However still 101.101.10 is acting as a minor hurdle, above this, we can see further upside towards 101.4-101.6 levels. On the downside 100.45-100.40is an immediate demand zone, below this we can expect intraday weakness towards 100.20-99.90 levels.
Technical View:
* The mixed move can be seen in currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
