GBPINR seems to have finished the corrective structure now and is on its way down. There is a possibility that the pair will consolidate towards the upside before the continuation of the down move. Waiting for a consolidation now...
GBPINR is in a complex corrective structure. The sub waves have been color coded for ease of spotting them. The next move could be a down move to finish the C wave of the current structure in making. On the 1 hour time frame, I guess there's one move down. AS the structure develops, we get a clearer picture.
With a bullish engulfing candle the Trade had been set to make new highs but i fear a narrow wedge over long period of time hence to stay short after a point
Support near 82.48 region
Target: near 84.76 - 84.78