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Home » Forex Update – Weekly support and resistance levels of major currency pair.
Forex Weekly Update

Forex Update – Weekly support and resistance levels of major currency pair.

Major Currency Pairs Notes

Major Currency Pair weekly support and resistance levels


USDINR (AUG)

Currency Pairs USDINR
Technical Chart of USDINR
 

USDINR has been trading in a falling wedge as we have also depicted on the chart and it could handsome move for upside in upcoming days as our positive view also supported technical indicators like Super trend (10,3) and EMA (100,200) as USDINR has been trading the indicators.

USDINR currency pair major support at 74.50 and resistance at 75.65.

Break and sustain above 75.65 will take it to 76.50—77.00 levels in days to come or else it could test its support again.

(Until and unless it gives break out, traders can buy USDINR in panic around 75.00—74.80 for the upside targets as mentioned above with support and stop loss below 74.50 on closing basis.)

Fresh selling will do on a close below 74.50.

Trade with the levels only.

 

GBPINR

Technical Chart of GBPINR
Technical Chart of GBPINR
 

Last week we have seen directionless trading in GBPINR but the major trend remains positive as it has been trading above technical indicators like Super trend (10,3) and EMA (100,200).

Now, GBPINR has its support at 97.30 and resistance at 98.35.

Break and sustain above 98.35 will see an upside move 99.50—99.80++ levels in days to come or else it could test its support again.

Fresh selling will only do below 97.30 levels.

Trade with the levels only.

 

EURINR

Currency Pairs EURINR
Technical Chart of EURINR
 

After rallying EURINR from the level of 83.95 to the level of 89.26, it has been stuck in a range but upside move is still due in it as it has achieved only its 100% targets and 138% is next to achieve.

Now, EURINR has its support at 87.60 and resistance at 89.30.

Break and sustain above 89.30 will see an upside move till 91.00—91.50 in days to come.

Or, Below 87.60 it can take correction till 87.00 levels.

The trend will turn negative only if manage to give close below 87.00 levels.

Trade with the levels only.

 

JPYINR

Technical Chart of JPYINR
Technical Chart of JPYINR
 

JPYINR has been trading in a wide range and last week it has touched the support level of its channel line as one can see on the chart.

It has its support at 69.50 and resistance at 70.50.

Traders can buy it in panic around 70.20—70.00 with a small stop loss of 69.50 levels as we can expect an upside move in it for the 71.50—72.00 levels.

We will negate our positive view in it if it closes below 69.50 levels.

Trade with levels only.

 

Traders can trade safely with levels in given currency pairs. For daily levels, update and recommendation join our Free Telegram channel.

 

 

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