The GBPINR broke its important support in the last trading session - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/bafe88fbb60a0d01b04a4ebf5796e3ed.jpg)
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* EUR/USD edges lower, and tests 1.0750 support as a triple bottom stays in play
* GBP/USD recedes and consolidates around1.2230 on mixed UK data, strong US Dollar
* EUR/USD: Seen at 1.05 in three months – Rabobank
CHART OF THE DAY
OUTLOOK
GBPINR: The GBPINR broke its important support in the last trading session; more downside may be seen in the upcoming days; however, 100.80 is an immediate resistance level, and on the downside, 100.40 acts as a support. If it moves above 100.80, it can lead some upside momentum towards 101.20, while if it slips below 100.40, it may head towards the 99.80-100.00 zone..
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
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