gbp inr weekly technical analysis 16 to 20 may 2016

gbp inr weekly technical analysis 16 to 20 may 2016 NSE gbp inr future this week closed at 96.56. On weekly chart pound rupee future price trend and momentum both are bullish.     For next week, gbp inr future above 96 rupee level remain bullish and buy on dips. On upside my tgts are 99 and 100.6 for May expiry.     Weekly closing below 96.3 will change trend for pound and turn it bearish. In that scenario on downside pound will have supports as well as tgts around 94.8 and 93 rupee.

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