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Hari-Ram-Kumar
May 9, 2020 11:55 AM

GBPINR ANALYSIS 09.05.2020 Long

BRITISH POUND / INDIAN RUPEEICE

Description

FX_IDC:GBPINR
Price had deviated uptrend line and is under correction.
Correction is expected to end around 92.0 as
1. It is the strong historical support zone
2. 92.0 is 38% Fib retracement level

Wait for bullish candle stick or chart pattern as reversal signal around 92.0 or daily close above the correction channel to enter long.

But this is not the time to be Short
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