GBPINR is respecting its 200 DMA beautifully, but 97.50-97.60 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar steady as traders wait on jobs data
* Lebanon banks 'have no liquidity,' says bank association secretary general
* Dollar climbs to 3-month highs; hawkish Powell provides support
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR is respecting its 200 DMA beautifully, but 97.50-97.60 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 97.80-98.00 zone. On the downside, 97.20 is an immediate support zone, while 97.00 is the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
