USD-INR:-

It is forming a flat correction with the 45.80 as support & 47.60 as resistance.It has completed the wave a & b.As expected last week due to progressive unfolding of the wave c it has closed higher at 46.90 compared to last week's closing of 46.47.We are looking it to progress further in the coming week towards the 47.60.

EURO-USD:- Last week it made the low of 1.4262 against our expectation of 1.42-1.40.There is still some downward momentum balance & it may touch 1.4050.However after such a stiff decline a bounce back is expected hence  deploy the tighter stop & reverse the position at first sign of reversal.We expect this bounce to touch the 1.4460-1.4590 zone.

 
 
 

GBP-USD:- This has been declining for last three weeks, so it may bounce back to 1.64 but it's intermediate destination is the 1.57-1.56.

 
 

  USD-JPY:- It has made the high of the 90.91 & we expect it to continue it's progress towards the 92.00-93.00.