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04-12-2022 08:57 AM | Source: Swastika Investmart Ltd
The day trend in GBPINR is indicating sideways to downside move as facing resistance at higher levels - Swastika Investmart
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News in headline:

Dollar index back above 100 ahead of expected red-hot U.S. inflation data

Euro boosted by French election, dollar near two-year highs

GBPUSD can't stay below the 1.3000 level for the 2nd consecutive day

 

Chart of the day:

The day trend in GBPINR is indicating sideways to downside move as facing resistance at higher levels and making lower lows and lower high with huge volume so further selling can be done if it breaks its support level.

Technical View:

The mixed move can be seen in currency.

 

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