Jan 30 2019

GBPINR Trade Idea

GBPINR:-Short term trend looking bearish as the pair is trading below its 50 period EMA, while the RSI (14 period) is nearing its oversold zone – so a small correction is possibly expected before coming down. Better to play with the trend – to sell the pair on its peak.

Our Preference:- Sell at 93.30-35

Target- 92.85

Stop loss- 93.55