POUND RUPEE FUTURE TECHNICAL CALL UPDATE
Pound rupee future is trading at 83.4 with loss. In last 4 trading session almost come down from high near 84.99 to low of 83.15 means almost lost 2 rupees in last 4 trading sessions.
NSE pound rupee future given bearish breakdown below 84.1 and hit first bearish target of 83.35 yesterday with low of 83.15 and now trading at 83.4 with loss again. On daily chart, pound rupee price trend and momentum both are bearish. Below 84.1 pound will remain weak and sell on rise. Now watch 83.35 support on daily closing basis, if pound slips below it then expect next bearish target at 82.15 for this currency pair. Pound rupee daily chart price trend and patterns are bearish. Daily chart RSI is at 45 with fresh sell signal while MACD is with bearish crossover and divergence and given sell signal around 84.8 levels. On upside 83.7 and 84 are strong resistance zone on daily chart.
On weekly chart, pound rupee pair looking weak and after strong recovery look like resumed primary downtrend and heading for supports of 82 to 81 rupees on weekly charts. For, 2017 remain bearish below 88.5 rupee levels and downside support as well as bearish target zones are 82-80 and 76.5 rupees. On upside 85-86.5 and 88.5 are strong hurdle for this currency future.