USD-INR:- At 45.12 it has completed the major downward pattern & turn for upside. Last week we predicted the support of 45.85 & target of 47.05 against this it made the low of 45.77 & high of 46.94.In our view it will surge to 47.40-47.65 range in blow off fashion & then react equally fast to 46.10-46.25 range. However a decisive cross above 47.80 will lead to 48.40 & then to 49.15 in next few months.

 
 

EURO-INR:- It has completed the major wave on downside at 63.08.Next pattern should take it to 65.80-66.65 range in 4 to 6 weeks. In the coming week we see it hitting the target of 64.70.In the worst case scenario we do not see the breach of 62.00 on downside. 

GBP-INR:- It has the strong support at 71.50 & do not see it breaching in foreseeable future. In our view it should bounce back to 75.30 -75.50 range in next two weeks duration. 

JPY-INR:- It has strong support at 0.50 & we do not see it breaching in near future. We are of the view that it will surge to 0.5850 in next two weeks. 
 

EURO-USD:- Last week we had expressed that it is in strong downturn & 1.3700 & 1.3425 as two targets. It made           the low of  1.3586.We see that 1.3425 will be achieved in next week & in worst case scenario it may find support at 1.3000.However thereafter we see a sharp bounce from there to 1.4000 area.  

GBP-USD:- It is forming a downward channel within a downward channel with increasing downward momentum. Last week it has breached the major support level of 1.5700 & we see it now heading for 1.5380-1.5400 area before it  can offer a corrective rally.
 

  USD-JPY:- It has breached the major support  at 89.10 & now we can look for support to emerge at 87.35 & then at 86.15 before a meaningful bounce may emerge.