Forex

GBP/INR may rise 255 - 381 pips

2024-07-30

107.431 is our pivot point.

Our preference

The upside prevails as long as 107.431 is support.

Alternative scenario

Below 107.431, expect 107.220 and 107.095.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 107.609 and 107.582).

Supports and resistances

108.289 **

108.163 *

108.038 **

107.912

107.657 last

107.514

107.431 **

107.220 *

107.095 **

Number of asterisks represents the strength of support and resistance levels.

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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