gbp inr future technical levels for 6th may 2016

 

gbp inr future technical levels for 6th may 2016

Gbp inr future on 5th may 2016 closed at 96.55 with loss.

 

Pound is correcting towards support of 96.4 but above it strategy remain buy.

Above 96, pound will have it may series tgts at 99 and 100+.

 

For tomorrow 6th may 2016, pound rupee future intraday support zones are 96.25 and 96 while on upside 96.9 and 97.5 are resistances.

 

Expect strong short covering rally above 96.9.

 

 

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