GBP/INR DOUBLE BOTTOM

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GBP/INR has formed a double bottom reversal pattern on 2 hours charts and this pattern confirmation will come after the breakout of R1 i.e 82.11 and its also the 38% retracement level but as it can be seen that the RSI is also giving bullish divergence then one can long it at current levels. FED and UK interest rates also coming on 14th and 15th june respectively. So one can expect the targets of 82.65 i.e R2 which is also the 61% retracement level and on the downside 81 will work as a support.

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