GBPINR yesterday, given the again gap down opening below 106.5 levels - Swastika Investmart
CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Japan CPI inflation grows slightly in June, core CPI remains sticky
* Dollar gains as drop in US jobless claims boosts rate-hike bets
* Dollar edges lower with next week's Fed meeting in focus
CHART OF THE DAY:
OUTLOOK:
GBPINR: GBPINR yesterday, given the again gap down opening below 106.5 levels and the whole day, it faced resistance from higher levels and closed with a red note around 105.68. Due to the dollar index's strength from lower levels, it is now facing some selling pressure near its life-time high. Technically, on the upside, it has resistance around 107.00, and on the downside, below 105.5, it may test 105.3-105.00 levels in upcoming sessions.
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