USD-INR:-

It has either completed the major pattern on downside or just about to complete. In other words it is poised to take a u-turn on upside. In the short term we see it crossing the 47.05 & may head for 47.10.We advise to cover all short trade.

EURO-USD:- Last  two weeks it is correcting the vertical decline of 1.5141 to 1.4218.During the coming week we do not see it breaching 1.425 on down side & there are good chances that it may head for the 1.4500.

 
 
 

GBP-USD:- Last week it made the low of 1.5833 & rebounded to 1.6236.For the coming week we do not see it breaching the 1.6075 on down side & on upside there is a high probability that it may head for 1.6350.

 

USD-JPY:- It has completed a major wave down at 85 & rebounded swiftly to 93.This was a too fast a move within a short span of time. We are expecting it to correct to 90 levels in coming days.