7640819 7/12/2017 5:10 PM, GBP/INR intraday: rebound towards 83.505


82.719 is our pivot point.


Our preference

: rebound towards 83.505.


Alternative scenario

: the downside breakout of 82.719 would call for 82.428 and 82.255.


Comment

: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 83.013 and 83.105).


Supports and resistances

:

83.851 **

83.678 *

83.505 **

83.332

82.957 last

82.833

82.719 **

82.428 *

82.255 **