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pratiktech
Jun 26, 2015 9:11 AM

Bearish Divergence in GBPINR Short

BRITISH POUND / INDIAN RUPEEICE

Description

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
Comments
pratiktech
As expected the GBPINR traded lower till 3/1 which is crucial support levels for currency.
pratiktech
As expected the GBPINR traded lower till 3/1 which is crucial support levels for currency.
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