GBPINR is respecting its 100 DAM beautifully; however, 105.40 is an immediate and critical resistance zone - Swastika Investmart Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/1e97ef7ef130db5b509a3febcdcbc6e4.jpg)
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar falls to two-week low as economic data softens
* Dollar stabilizes after weak JOLTS data; ADP payrolls due
* Dollar edges lower ahead of hefty data dump
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR is respecting its 100 DAM beautifully; however, 105.40 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 105.80-106.00 zone. On the downside, 104.45 is an immediate support zone, while 104.20-104.00 is the next support zone.
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