USDINR,EURINR,JPYINR,GBPINR Trend : 12.08.2016
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USDINR
USDINR prices, which broke the key support of 66.94 in prior sessions, has once again opened with a gap up above the resistance on Thursday at 66.98 and rose till the high of 67.06. But pair failed to withstand at higher levels and finally ended at 66.97. Now 66.94 will be the key support break down below that will only provide bearishness.
GBPINR
As expected GBPINR pair traded lower on Thursday and ended at 87.04. According to the rectangular pattern the down side supports are lies at 86.60 then 85.80. While on higher side resistance are at 87.40 then 88.00.
EURINR
After two days of positive close EURINR pair witnessed correction Thursday and ended at 74.70. The Pair still quoting within broad range of triangle pattern and of the same support is at 74.46 and resistance is at 75.30. The trend is still remains positive and buy i dips around the support so of 74.50 with stop loss below 74.25.
JPYINR
JPYINR opened at 66.13 thereafter it gradually moved lower and ended at 66.06. The Pair is witnessing trend line resistance around 66.30 while support is at 65.95. Going forward pair likely to quote within the stiff range break of either side will only pro