pratiktech
Short

Bearish Divergence in GBPINR

FX_IDC:GBPINR   BRITISH POUND / INDIAN RUPEE
26 2 1
Applying Fib Retracement and RSI on GBPINR             chart, we can analyze that RSI is indicating Bearish Divergence. While, On Fib Retracement prices are trading near 3/1, breaking below the same can likely to trade lower to touch 4/1. Overall it seems to be that INR             is going to appreciate against GBP
As expected the GBPINR traded lower till 3/1 which is crucial support levels for currency.
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As expected the GBPINR traded lower till 3/1 which is crucial support levels for currency.
Reply
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