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Above chart is explaining everything, so now we don’t need to type more.
Targets: 1.28654 – 1.28394 – 1.28212
GBPINR Trading Tips & Forecasts
On last week this currency dropped -1.815 rupees. GBP INR will continue to drill downside. Day traders can sell anywhere for 89.2 – 88.8 levels. Be careful with positive opening bell and don’t forget to pick a perfect top for intraday short!
United States dollar is looking weak against Indian rupees for today, so speculators’ may keep selling it. Hurdle: 66.30 and selling pressure will come on 66.2450 level.
Targets: 66.1170-66.750
Hurdle is intact so if that crossover or close above the hurdle means uptrend will being and also if USDINR pair close below 66.0560 then we will see 65.9790-65.9200
Indian rupees are lookup strong against UK Great Britain pound.
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3 days back euro was opened extremely up, and now it’s weakening.
Hurdle: 75.5428
If EURINR pair close or crossover 76.1 levels then it’ll show us 76.5-77+ and if that stay below to my hurdle then we’ll see 75-74.5 level.
Yesterday, GBPINR pair had dropped very badly and closed in -1.005 losses. It’s just beginning here. We’ll see 102.7016 levels soon. Hurdle is 103.3021.
Above of hurdle, it may ride up to 103.6298 but not move rather than this level because once it crosses over that then it’ll come into uptrend.
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JPY vs. INR is totally weak and currency traders for very good opportunity. Go and sell it without any worry.
Short term target: 51.9
USD vs. INR forex pair is looking weak and in this upcoming 1 week it will hit 61.6 level.
Short term traders for Hurdle: 62.2 level
Again on its resistance of 86.02, but this currency pair is looking weak to break resistance and we must see bloodbath to 85.00 – 84.00 and 83.28. Remember once cross and stays above it with high volume can make it bounce to 87.00 – 88.00 and 89.00 as well.
Had Seen 1.04 Rupee of bloodbath in U.S. Dollar vs. Indian Rupee (USDINR) in today’s trading session, open at 62.67 and made low of 61.56 and finally closed at 61.63. We must be able to see bounce bank to 62.00 – 62.50 in next trading sessions only if hold the support of 61.59 otherwise it moves continue to 61.33 – 61.14 – 60.94 in nearby trading sessions.
Coming back to take support at 83.70, we must see bull in nearby trading days to 84.50 – 85.00 and 86.00.
What if too weak to hold support?Continue reading