British Pound Vs Indian Rupee

Hi Remo, et all,

Can some one tell me where is Pound Vs Rs is heading...

I would like to send some Rupees to my family, I see that 1£ is 92Rs now....from 106Rs peak.

Just want to see if Rs could go weaker or pound is going down...

good weekend all

ta
G

Not sure if Rs will bounce back from 91.90 or will it head to 89.60 ...

ta
G

hi paitech...
Very strong support is coming.
90.14 is major trend line support and 89.67 is horizontal support so thats 2 levels of strong support together so best place to go long at.
So id say rupee should go higher in the coming months as likely will bounce of this level on a first attempt.If it breaks thou it could tumble .

Hi Remo,
Could you provide me a latest outlook on £/Rs please.
Thanks
G

As can be seen from the chart below this respected the supports perfectly last time and bounced. So should have had a nice profitable trade.Most times you have to be patient for the right price
This respected the resistance last week perfectly.Keep a close eye on that resistance level as a break will send this to the highs again.A good level to go long on a first attempt basis would be 9860 with tight stops.



dl.dropboxusercontent.com/u/4899609/gbpinr17thmay2015.png

Thanks Remo.
I do not trade currency, but was looking for a right time to send some rupees to family in India. Was t planning when it was, but funding shortage. Did send few at 100. Happy now.
Have a good day
Ta
G