USD-INR:- Last week it opened at 45.44 & made the high of the 45.67 &then mark the low at 45.23 & finally closed at 45.43.It will be pertinent to note that we had given the   45.85- as resistance & 45.20 as support. For the coming week we are looking for the range bound movement within 45.75-45.10 for most part of the week with the negative bias.

Last week it sold off viciously to 61.2534.For the coming week we do not see it breaching 61.00 on downside & there are good chances that it will bounce back to 62.75 level.




GBP-INR:- Last week it made the top of 69.7056 & sold off sharply. This action suggests that one more new low below 67.39,may be in the vicinity of 66.50-67.00 to complete the ongoing downward pattern.




JPY-INR:- We are expecting it to consolidate 50.60 -49.90 for some more time & then break downside for 49.50 or lower.




EURO-USD:- Last week it could not move beyond the 1.3803 & sharply declined to 1.3503.For the coming week we are expecting a corrective bounce to 1.3580-1.3615 & then it will start descending again to retest the 1.3434 level.



GBP-USD:-   It has formed the top of 1.5381 against our expectation of 1.5420-1.5430 & sold off sharply. It is now all set to look for the retest of 1.4873 & 1.4784 in coming weeks.






USD-JPY:- We are expecting it to consolidate within the 91.15-89.75 range for some more time & then break upward to92.5-93.00 range.





    

DOLLAR-INDEX:- It has bounced back from 79.73 with vengeance. Though it faces a stiff resistance at 81.43,the momentum & other characteristics points for new high sooner than later.