GBPINR Anticipated Happened and Elliott Wave Analysis

GBPINR hourly continuous chart anticipated on 24th May 2021


 GBPINR hourly continuous chart happened on 21st June 2021


In my previous update on GBPINR I had mentioned that Prices can move lower and test 102.5 levels in form of wave c of a triangle. 

The pair dipped below 102.5 on 21st June 2021 thereby achieving my level- Anticipated Happened

Here is the link of my previous article on GBPINR, click on the link

https://www.marketanalysiswithmeghmody.com/2021/05/gbpinr-elliott-wave-analysis-triangle.html

Now if you see closely there is a falling trend line breakout which opens positive possibilities, also there is a BOE meet outcome today which can drive the price of the pair higher. July contract, prices are quoting at 103.9 and can move higher towards 105 levels over short term.

Comments

Popular posts from this blog

USDINR: Will it cross 83.00?

Nifty in Ending Diagonal Pattern?

GOLD and Elliott Wave Counts