GBPINR: Third Correction Starts

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 GBPINR 60 mins spot chart


GBPINR is moving in lower highs and lower lows and it is precisely moving in a falling channel, this opens negative possibilities. Prices have arrived near to the resistance of the channel and there are high chances for it to reverse from current levels.

As per wave theory, prices are moving in a triple correction as discussed earlier, where it completed wave x for the second time and now it has opened wave a of the third correction which can falter till 99.5-99 levels (spot)

To see my previous article on GBPINR click on the below link

GBPINR: Triple Correction?

https://www.marketanalysiswithmeghmody.com/2022/01/gbpinr-triple-correction.html

GBPINR: Anticipated Happened

https://www.marketanalysiswithmeghmody.com/2022/02/gbpinr-anticipated-happened.html

The summation is GBPINR is all set to plunge till 99.5-99 levels over short to medium term.

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