GBPINR is traded near to its 10 SMA, but 102.20-102.30 is an immediate - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* Dollar edges lower; tight trading ranges ahead of CPI, Fed minutes
* Dollar dips ahead of inflation data due Wednesday
* Dollar retreats from payrolls gains; CPI data looms large
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR is traded near to its 10 SMA, but 102.20-102.30 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 102.40-102.60 zone. On the downside, 101.60 is an immediate support zone, while 101.20 is the next support zone.
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