GBPINR is consolidating in small range in recent days,further move can be seen after the range breakout - Swastika Investmart
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* PBOC sets USD/CNY reference rate at 6.9793 vs. 6.9681 previous
* AUD/USD bulls take a breather around 0.6750 amid doubts on China Covid conditions
* GBP/USD drops to near 1.2000 as risk-off soars amid a festive week
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR is consolidating in small range in recent days , further move can be seen after the range breakout , however 100.0 is immediate support level and on the upside 100.70 act as a resistance, where move above 100.70 it can lead some upside momentum towards 100.90 while if it slips below 100.0 it may head towards 99.60-99.80 zone.
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