WEEKLY CURRENCY REPORT(18-01-10)
USD-INR:- Last week we expected it to head for 46.00 & it made the high of 45.82.In our view it has still some upside potential to surge toward 45.96-46.15.Then we expect to commence the downward journey below low of 45.12.

EURO-USD:- Last week it made the high of 1.4582 to complete the inverted flag & commenced the downward journey towards 1.3800.However for the current week it will halt at 1.41-1.40 levels.

GBP-USD:- In line with the expectation it made the high of 1.6355 & formed the BEARISH ENGULFING LINE.We expect it to react to 1.5900 area.

USD-JPY:- On the expected line it has formed the low of 90.59 last week.We expect it to bounce max to 92.00 & then move southward to 89.00 or lower.



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