gbp inr monthly technical outlook for may 2016

 

gbp inr monthly technical outlook for may 2016

NSE gbp inr future in month of April closed at 97.47.

 

For May series, pound above 96.4 will remain buy on dips. On upside targets are 99 and 100.6.

 

Weekly closing below 96.4 may trigger bearish trend and might show lower levels up to 94.8 and 92.2.

 

From investors view, gbp inr future above 98.2 on weekly basis, enter in bull zone for long term targets 105.2 and 112.4.

 

 

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