USD-INR:-

Last week USD-INR opened at 46.50 & went up to register the high at 46.68.It then continuously decline to mark the low of week at 45.77 & finally closed the week at 46.20.Thus INR becomes stronger by 0.22 compared to previous week’s closing & gained 0.5%.For the current week in our view on rise it will face strong resistance at 46.95 & downside it has good support at 45.15-45.10.Our bias for the week is initially positive till46.95 & then negative to 45.15 .

EURO-USD:-Last week as we expected it made the high of 1.4970 above 1.4844 but it did not slide off as expected.We are expecting that it will attempt to make a one more high  above 1.4970 in early part of the week & the slide off sharply from there on to find the initial temporary support at 1.4480 & some good support at 1.4190-1.4220 range.We recommend shorting above 1.5100 on every rally with the appropriate stop.

 
 

GBP-USD:-

Last week it opened at 1.5834 & went down to register the low of week at 1.5707.It then surged stupendously to 1.6398 to mark the high of the week & finally closed the week 1.6360.This is astounding turn around in trend & we foresee it heading for the 1.6700.

 

USD-JPY:- As we expected it made a new high  of 91.32.For the coming week we are looking for it to

head for 92.50.