GBPINR is respecting its 100 DMA beautifully but 98.95 - 99.00 is an immediate - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar jumps as Powell flags higher terminal rate
* Dollar slips lower ahead of keenly awaited Powell testimony
* Dollar dips, Powell testimony and jobs data in focus
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR is respecting its 100 DMA beautifully, but 98.95–99.00 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 99.30–99.50 zone. On the downside, 98.40 is an immediate support zone, while 98.20 is the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
