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rjoshicool
Dec 28, 2020 2:53 PM

GBPINR - Strong resistance puts it in downward trend Short

BRITISH POUND / INDIAN RUPEEICE

Description

GBPINR rose to some of the highest levels recently. But the area it reached is a region where 2 resistance lines reside near to each other. Because of this, it hasn't been able to break that level and seems like it will now fall down. But, the fall shall stop around the levels of 98.00 because of a strong support region.
I am bearish on this pair for next few sessions.
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