USDINR
Sell call given in USDINR around 68.20---68.22 last week was successful with pair drop towards 67.4425.
Now immediate support is seen at 67.35 and next bearish move could expect only below this levels for the next target 67.00---66.80.
Hurdle at 67.80.
JPYINR
JPYINR December future drop more than 1%, since we recommend sell call below 59.70 and it closed at 58.9750. Today, it opens with 0.30% gap down trading at 58.7425.
Near term trend still looks negative but pair would need to trade below 58.73 in order to test 58.48---58.25. Immediate resistance is seen at 59.00.
EURINR
EURINR sell given around 73.38---73.40 on 6 Dec 2016 was successful with pair drop towards 71.6050.
Near term trend will depend on what U.S. FED deliver in its policy on 14 Dec night.
On technical, immediate support is seen at 71.58 and EURINR would need to break this level in order to test 70.60 ---70.00.
GBPINR
GBPINR had a volatile week last week, but settled with 1.26% weekly drop. We continued recommend sell call from the levels of 86.00 and pair hit weekly low of 84.9850.
This week, U.S. Fed and Bank of England policy may drive its trend. Technical, near term outlook still looks negative and any rise towards 86.20---86.50 on weekly basis could attract huge selling activities.
On the Other hand, strong resistance likely to seen at 87.10 and pair would need to trade above it in order to test 87.85---88.50.
