GBP INR december forecast-breakout move heading for 88-89 rupee levels

 POUND RUPEE Monthly Outlook for Dec 2017

 

Gbp-inr future in november closed at 86.92 with gain.

for month of december, pound is looking strong bullish and given breakout at 86.3 level for targets 88 and then 89 rupees.

on downside 86.3 is major support, below it pound will trend lower for targets 85.3 and then 83.55.

from long term view, pound is now showing reversal move towards 88.5 resistance level.

 

 

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Pramod Baviskar

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