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Thursday, January 12, 2017

Update on Currency (12th January, 2017)





USDINR


Support at 68.16 and Resistance at 68.46.

USDINR looks negative. A break and sustain below 68.16 will take to 68.01---67.82 else it could test it's resistance level of 68.32---68.46.

Further buying can be seen if it close above 68.46.




GBPINR


Support at 83.17 and Resistance at 83.39.

GBPINR looks bullish today. A break and sustain above 83.39 will take it to 83.59---83.81+++ mark.

Fresh selling can be initiated below 83.17




EURINR



Support at 72.24 and Resistance at 72.45

Above 72.45 we can expect sharp rally till 72.55---72.70 else it could test its support level of 72.24

Fresh selling can be initiated below 72.24




JPYINR



Support at 59.29 and Resistance at 59.78

JPYINR look positive and can touch its resistance level of 59.78. Further upside rally will on close above 59.78, else it can touch its support level of 59.29 again.

Further downside panic can be seen only on close below 59.29 mark


Trade with levels only









More will update soon!!