GBPINR has consolidated a bit after the fall. A pullback was seen and the support perfectly became the new resistance.
Now a fresh short position below the trend line for the targets as mentioned along with stoploss.
The chart seems to form a perfect M top with a clear diversion and as per the Steve Mauro setup it is expected to continue the bearish trend. GBPINR broke its trading range to make its new high and it is bound to be intervened as per fundamentals.
GBPUSD on FX can be Sold at 1.28600 with SL of 1.29315 and Target of 1.25260. Its a good opportunity and has consistently taken resistance at down-trending line. Take advise from your financial advisor before investing.