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rjoshicool

GBPINR - Strong resistance puts it in downward trend

Short
BRITISH POUND / INDIAN RUPEE (FX_IDC:GBPINR)  
rjoshicool  
FX_IDC:GBPINR   BRITISH POUND / INDIAN RUPEE
Trend Analysis Chart Patterns GBPINR Forex
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trendanalysis chartpattern gbpinr forex
GBPINR rose to some of the highest levels recently. But the area it reached is a region where 2 resistance lines reside near to each other. Because of this, it hasn't been able to break that level and seems like it will now fall down. But, the fall shall stop around the levels of 98.00 because of a strong support region.
I am bearish on this pair for next few sessions.
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