The chart below tells me that when the currency starts faltering at these levels, see ‘a’, it falls sharply, then recovers, but not as high as it was immediately before the fall, then really falls, see point ‘b’. So my best estimate is GBP/INR to 75, then back to 79, then to 70. (I’ve done this chart using www.sharescope.co.uk/alpesh . To learn more about MACD and Stochastic see http://www.investingbetter.com)