GBPINR Triple Correction Pattern

 GBPINR hourly continuous chart

From the above chart, prices are moving in a lower highs and lower lows and is now showing signs of resilience form the support of the falling channel. There are high chances for the pair to bounce from here and reach the resistance of the channel over short term.

As per Wave perspective, prices have either completed wave a at one higher degree in tripe correction pattern (a-b-c-xa-b-c-x-a-b-c) or has completed the correction. Both the scenarios open the possibility of a bounce back.

The summation is GBPINR can move near till 103-103.10 levels over short term, sustainable move above 103.30 will soar prices near till 104-104.4 levels over medium term.


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