USD-INR:-

Last week USD-INR opened at 48.18 & went down to register the low at 48.02.It then continuously rose to mark the high of week at 49.12 & finally closed the week at 48.42.Thus INR becomes stronger by 0.25 compared to previous week’s closing & gained 0.5%.For the current week in our view on decline it will find good support at 48.25-48.05range & on upside 49.25-49.45 will act as resistance zone.Our bias is positive for the first half of the week & after hitting the resistance zone it may attempt to touch the lower  support zone.

EURO-USD:-Last week we it opened at 1.4200 & went down to 1.4046 to register the low of week.It the continued to rise till 1.4378 to mark the high of the week & finally closed at 1.4322.We are looking for a nominal high tick above 1.4449 to complete the major upside pattern & thereafter a violent reaction downside which may temporarily halt at 1,4050, 1.3840 & 1.3750.

GBP-USD:-

Last week it opened at 1.6538 & went down to mark the low of the week at 1.6276.It then contued to rise till 1.6624 to register the high of the week & finally closed at 1.6490. We maintain our downside target of 1.60-1.61 or still lower 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 94.89 & went up to register the high at 95.30.It then continued to decline till 93.43 to form the low of the week & finally closed at 94.42.For the coming week we are of the view that it will not breach 93.4 on downside & on upside 96.50 will act as resistance for it