Pound rupee future monthly outlook June 2017
loss but with high volatility. After last month recovery gains pound seen some
profit booking this month and closed in red against rupee. This month we almost
saw 3 rupee range and then flat negative closing.
below 83.5 resistance zone on daily closing basis. On downside my bearish swing
targets zones are 82.35 and then 81.5 rupee. if recovers and gives closing
above 83.5 then reverse then trading strategy and follow buy on dips for
targets 84.35 and then 85.5.
price patterns are bearish but indicators suggesting strong recovery. So wait
for 83.5 and if negative closing happens below it go short for big downside
hit low around 79 and now recovered but outlook still bearish and on downside
pound might fall up to 76.6 in 2017.