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Home » Weekly Forex update-Major Currency Pairs technical levels for this week (21st to 25th Sep 2020)
Forex Weekly Update

Weekly Forex update-Major Currency Pairs technical levels for this week (21st to 25th Sep 2020)

Major Currency Pairs Weekly Update Sep

 

 

Major Currency Pairs support and resistance levels for this week

 

USDINR (Sep)
Currency Pairs USDINR
Technical Chart of USDINR
 

From last few weeks, USDINR has been trading in a rising channel after sharp fall from the level of 75.00 and also trading below 20 and 50 days moving averages on daily chart suggesting that the scrip is weak and ready fresh fall.

Now, USDINR has its support at 73.10 and resistance at 74.20.

Break and sustain below 73.10 will take it to 72.00—71.50 levels in days to come or else it could test its resistance again.

Fresh buying will do on a close above 74.20.

Trade with the levels only.

 

GBPINR
Currency Pairs GBPINR
Technical Chart of GBPINR
 

After crashing GBPINR from the level of 98.00 to the level of 94.05 it took correction last week to the level of 95.67 where it took resistance of 100 days moving average and fall back, currently, it has been trading between the 100 and 200 days moving averages.

Now, GBPINR has its key support at 94.40 and resistance at 96.20.

Break and sustain below 94.40 will see downside move till 92.50—92.00++ levels in days to come or else it could test its resistance again.

Fresh buying will do above 96.20 levels. ( Above 96.20 could test 97.00—97.50 levels.)

Trade with the levels only.

 

EURINR
Technical Chart of EURINR
Technical Chart of EURINR
 

From last few weeks, EURINR has been trading in a tight range and yet to find its further trend.

EURINR has its key support at 86.50 and resistance at 88.00.

Break and sustain below 86.50 could see a downside move till 85.00—84.50 levels or else it could test its resistance again.

Fresh buying will do above 88.00 levels. Above 88.00 will see an upside move all the way till 89.20 levels, more and more upside move will do on a close above 88.30 till 99.00 levels.

Trade with the levels only.

 

JPYINR
Technical Chart of JPYINR
Technical Chart of JPYINR
 

JPYINR has made rounding bottom pattern on the daily chart and also bounced back from lower level after taking the support of 200 days moving averages as one can see on the chart, suggesting that the scrip is strongly positive.

It has its major support at 69.20 and resistance at 70.60.

Break and sustain above 70.60 will take it to 72.00—73.00 levels or else it could test its support again.

(After breaking its resistance level of 70.60, traders can buy it on dip around 70.20—70.00 levels for the upside targets as mentioned above.)

Fresh selling will do on daily closing below 69.20.

Trade with levels only.

 

 

Traders can trade safely in given currency pairs with levels only. More will update during market hours on our WhatsApp broadcast and Telegram Channel.

 

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