GBP INR weekly analysis for 23 to 27 may 2016

GBP INR weekly analysis for 23 to 27 may 2016 NSE gbp inr future this week closed at 98.38 with big gains. As expected pound started recovery and almost hit my first tgt of 99 rupee with high of 98.75 in this week.   For next week, pound rupee future outlook remain bullish and above 96.4 remain buy on dips. My tgts are 99 and 100 for this month.   For week, gbp inr support zones are 98 and 96.7 which are also fresh buying zones. On upside 99 and 99.25 are resistances as well as tgt zones for next week.   Pound rupee for year 2016, above 98 will turn stronger and tgts will be 105 and 112.

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Pramod Baviskar

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