Forex Market News

GBPINR

Oct futures opened slightly down and prices continued to fall for half of the session and broke the strong support placed at its declining trend line around 86.10 and made a low of 85.91. Prices consolidated for the remaining session in the range of 86 – 86.20 and are expected to bounce from this level as prices were unable to close below the trend line support. Next resistances are placed around 86.60 and 86.90 levels.
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