On Monday, USDINR pair extended its loss and tumbled till the low of 63.82 by breaching the immediate support of 63.98. Now the pair is likely to extend the fall further till the previous low of 63.74 levels and advice selling around 63.96 for today’s session.
On Monday, EURINR pair remained on flat note and moved in the narrow range of 76.75 - 76.90 and finally ended at 76.81. The pair has penetrated the trend line resistance and has settled above that. Ahead, pair could extend its gain till 61.8% retracement level of 77.10 and 77.30 levels. For the day, the supports are seen at 76.70 then 76.35 levels hold as an immediate support.
GBPINR pair opened marginally higher at 86.61 and from there it slipped down till the low of 86.45 and settled at 86.53. The pair is moving along with the trend line resistance and as long as it holds below at the pressure will continue to remain downward.
Currently, the pair has come up till resistance level and we could see pair retracing till the supports of 86.00 then 85.60 levels in coming sessions. Therefore we recommend selling around 86.60 with stop at 86.90
After opening at 56.92 JPYINR pair made high of 57.47 but the pair failed to sustain and finally ended at 56.96. Pair has just penetrated the down ward slanting trend line, ahead it manage to hold above that on convincing basis then pull back can be seen till 57.80 levels in short term. Therefore, we recommend buying above 57.08 for above mentioned targets.
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