USD-INR:-

Last week USD-INR opened at 47.68 & went down to register the low at 47.45.It then continuously rose to mark the high of week at 48.58 & finally closed the week at 48.17.Thus INR becomes weaker by 0.49 compared to previous week’s closing & lost 1.05%.For the current week our assessment is that the decline below 47.45 will find the support at  47.10& 46.60 wheras 48.60 is resistanc for any upmove.
 
 
 EURO-USD:-Last week we it opened at 1.4182 & went down to 1.4087 to register the low of week.It the continued to rise till 1.4327 to mark the high of the week & finally closed at 1.4202.There is 95 % probability that an intermediate term top is formed at 1.4490 but as the remote probability it may give a nominal rise above this & then starts descending down.For the coming week we see a major resistance at 1.4240 on upside.On the downside there are good support at 1.4006,1.3832 & 1.3749.We do not foresee these to be violated in coming week but eventually they will be breached.

GBP-USD:-

Last week it opened at 1.6680 & went up to mark the high of the week at 1.6718.It then contued to slide till 1.6488 to register the low of the week & finally closed at 1.6538.It is pertinent to note that we had given the 1.683 resistance & 1.6471 as support & it respected the both.we. We maintain our downside target of 1.60-1.61 in intermediate term.For the coming week we see a major resistance at 1.6730 on upside & on the downside there lies the support at 1.6490 & breach of this will pave the way for 1.60-1.61.

 

 
 USD-JPY:-

Last week it opened at 97.50 & went up to register the high at 97.75.It then continued to decline till 94.43 to form the low of the week & finally closed at 94.89.For the coming week we are of the view that it will not breach 94 on downside & on upside 96.50 will act as resistance for it.