pound to rupee today-below 100.43 expect downside target 99.65

pound to rupee today Pound to rupee future of December expiry today closed at 100.63 with the loss. This was fourth losing session for UK pound against the rupee. The GBP INR future short-term trend is bullish and prices are heading towards testing support. On the downside, 100.43 is channel line and support for the short term. Daily closing below it means fresh breakdown and in that scenario traders can expect 99.65 as downside target for pound. Pound to rupee weekly chart also suggesting levels below 100 so strong sell conviction.

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Pramod Baviskar

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