gbpinr weekly technical call for 4 to 8 jan 2016

gbpinr weekly technical call for 4 to 8 jan 2016
Pound rupee future this week closed with loss at 98.05.
gbp inr weekly chart price trend is bearish and momentum
is absolutely in favor of bears.
For medium term, gbp inr support zones are 98 and 96.1.
On upside expect strong resistance at 100 and 101.8 levels.
For next week , watch 98 rupee level if pound slips below it
on cloisng basis then traders can open fresh shorts for target 96 rupee.
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Pramod Baviskar

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