Gbp inr future December 2016 outlook

Gbp inr future December 2016 outlook

Gbp inr future December targets 87 and 88.6

Gbp inr future last closed at 86.52 with gain. We saw swing high near 86.6 while my target was 87. For December series, pound rupee future technical support resistance level changed.   Above 84.4, gbp inr future will remain bullish and buy on dips for month. On upside my monthly targets are 87 and then 88.6. Weekly closing above 88.6 means super bullish pound against rupee.   On downside, weekly closing below 84.4 means fresh downtrend and downside targets for pound. Below 84.4, gbp inr future support zones as well as bearish targets will be 82.9 and then 80.25.   Gbp inr future weekly chart, is bullish and showing pound just broke out above 84 level and heading towards long term target of 91 rupee.

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Pramod Baviskar

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