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Dealmoney - Commodity Daily - 13-Mar-20	Download pdf

GBPINR

GBPINR has retraced from the higher end of the an upward sloping channel & moving toward the support of 93. GBPINR should test the lower end of the channel, however if price fails to sustain the support of 93, one could witness a fresh bearish trend in  price. An immediate support level for price would be at level of 93.00/92.00, with an immediate resistance of 95. With the above analysis, we expect pound to trade within a range of 93.00-94.50.