7647114 7/13/2017 6:15 PM, GBP/INR intraday: the upside prevails as long as 83.029 is support


Our pivot point is at 83.029.


Our preference

: the upside prevails as long as 83.029 is support.


Alternative scenario

: the downside breakout of 83.029 would call for 82.752 and 82.586.


Comment

: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 83.211 and 83.113).


Supports and resistances

:

84.129 **

83.964 *

83.798 **

83.633

83.284 last

83.138

83.029 **

82.752 *

82.586 **