GBPINR daily chart technical analysis
GBPINR spot on last trading session closed at 102.91 with loss. On daily chart, English pound trend is up but momentum is losing out because of profit booking. Gbpinr pair is still trading above its month and 3 month averages. For next week, GBPINR support zones are 102.3 and then 101.4 wile on upside expect strong resistances at 104 and then 105.2. For next week, GBPINR outlooks is bearish and we may see lower levels up to 101.4 on continuation of correction wave. Indicators signaling correction phase for this currency.
GBPINR weekly chart technical analysis
GBPINR spot this week closed with loss on profit booking. On weekly chart, GBPINR pair trend and momentum both are strong bullish. Pair is Trading way above its 6-month average of 99.2. On upside 105.5 is only resistance level while on downside 102 and 99.2 are support zones from medium term view. Major indicators are with bullish divergences and suggesting much more upside in medium to long-term period.