01-12-2022 10:03 AM | Source: Swastika Investmart Ltd
GBPINR is trading near to recent support level of 100.50-100.4 and if it holds this level - Swastika Investmart Ltd
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News in headline:

* Dollar swoons as Powell soothes policy fears; CPI test looms

* Dollar eases after Powell testimony; riskier currencies rise

* Sterling steadies near 23-month high versus euro

Chart of the day:

 

GBPINR: GBPINR is trading near to recent support level of 100.50-100.4 and if it holds this level then buying can be initiated for a pull back towards 101.00-101.20, while below 100.4 can head towards 100.20-100.00 levels.

Technical View:

The mixed move can be seen in currency

 

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