gbp inr future round bottom pattern on weekly chart

GBP INR future weekly forecast for 23 to 27 nov 2015
pound rupee future this week closed at 101.23 with gain.
this was second weekly gain for uk pound and
formed rounding bottom on weekly chart which is bullish signal.
pound had take support just above 50 ema on
weekly chart and given reversal .
now it is heading towards 103.5 to 105 zone.
gbp inr weekly support zones are 100.7 and 100.2.
gbp inr weekly resistance zones are 101.4 and 101.7.
traders keep buy and accumulate view on decline
for targets 101.4 and then 101.7.
medium term target will be 103.5 and longer term 105.

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Pramod Baviskar

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