GBP/INR is bullish in early trading on Monday, extending the positive mood from last week after a correction. At the time of writing, one pound buys 98.147 Indian rupees, up 0.19% as of 7:20 AM UTC. The price has managed to consolidate above 98.000 after hovering around it since the beginning of August.
The price has departed from the support line of an uptrend that took off last Wednesday, suggesting that it has more room for growth today. It will face resistance at around 94.000. If it breaks above it, then the pair might update the highest level in 4 years.
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