USD-INR:-

Last week USD-INR made the high of 47.625 against our upside target of 46.95 & closed the week at 46.90.For the coming week we see the 47.70 as upper range resistance & 45.75 as lower range support.We are expecting it to head for the 45.75 & our bias is modestly negative.However we do not see it breaching the 45.75 immediately.

EURO-USD:-Last week as we expected it broke the rising trendline on the downside & find the exact support near 1.4675 at 1.4684.For the coming week we foresee resistance at 1.4930 on upside & on the side it will find good support in 1.4400 -1.4200 range.Our bias is stronly negative barring the bounce in the initial part of the week.

 
 

GBP-USD:- Last week as we expected it has consolidated the rise from 1.5702 to 1.6693 within the range of 1.6640-1.6240.We expect the same to continue for the coming week & then break upward.

 

USD-JPY:- Last week it remained range bound 922.50-90.We expect the same to hold for the week & then will give the upward breaakout.