Pound rupee april future : support 95.7 tgts 97 and 98.4

NSE GBP INR future monthly technical analysis for april 2016

NSE GBP INR future monthly technical analysis for april 2016

NSE pound rupee future last closing price 95.81.   Trend is bullish and momentum is on recovery side.   For month of April 2016, above 95.7 expect upside targets of 97 and 98.4.   Weekly closing above 98.4 means super bullish pound with price targets 99.8 and 101.     Below 95.7, pound will lose momentum and resume downtrend for targets 94.4 and 93. Means possibility of new low.     Last month gbp inr future almost achieved my given target of 94 with low of 94.27!!

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Pramod Baviskar

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