GBP INR weekly report for 13 to 17 june 2016

GBP INR weekly report for 13 to 17 june 2016 Gbp inr future this week closed at 96.8 with loss. This was second weekly loss for pound after making top at 100 rupee.   Gbp inr future weekly chart price trend and momentum both are bearish and for now look like pound is topped out against rupee.   For next week, below 98.25 gbp inr future remain sell on rise. On downside I am expecting targets at 96.5 and then 94.2.   Currency traders can go short around 98 to 98.3 zone with stoploss for targets 96.5 and then 94.2 in next week.

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Pramod Baviskar

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