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Home » Weekly Forex Update – Major Currency Pairs support and resistance levels for this week.
Forex Forex Weekly Update

Weekly Forex Update – Major Currency Pairs support and resistance levels for this week.

Forex Major Currency Pairs

 

Weekly Forex Update

USDINR (AUG)
Forex USDINR
Technical Chart of USDINR

 

We have seen range trading in USDINR with less volume and expected to continue so, until and unless we see an increase of volume in it.

USDINR has its major support at 74.50 and resistance at 75.20.

Most probably if it breaks and sustains above 75.20 levels then we can expect an increase in Volume and upside move till 76.00—76.20 levels or else it could test its support again.

On the same scenario if it breaks below 74.50 then we can expect a downside move all the way to the levels of 73.80—73.50 levels.

Till the break and sustain either side of the major support and resistance levels trade within the range and wait for the confirmation.

 

GBPINR (AUG)
Forex GBPINR
Technical Chart of GBPINR
 

Last week we have seen a tremendous rally in GBPINR from the level of 95.73 to the level of 98.56 levels.

Now, GBPINR has its support at 97.80 and resistance at 98.60.

Break and sustain above 98.60 will see an upside move 99.80—100.00++ levels in days to come or else it could test its support again.

Fresh selling will only do below 97.80 levels.

Trade with the levels only.

 

EURINR (AUG)
Forex EURINR
Technical Chart of EURINR

 

Last week we have seen a tremendous rally in EURINR from the level of 87.00 to the level of 89.26 levels.

Now, EURINR has its support at 88.50 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 88.50 it can take correction till 87.50—87.00 levels.

The trend will turn negative only if manage to give close below 86.50 levels.

Trade with the levels only.

 

JPYINR (AUG)
Technical Chart of JPYINR
Technical Chart of JPYINR
 

JPYINR has been trading in a wide range as one can see on the chart.

It has its support at 70.50 and resistance at 71.90.

Traders can buy it in panic around 71.00 with a small stop loss of 70.50 levels as we can expect an upside move in it for the 71.90—72.00 levels.

We will negate our positive view in it if it closes below 70.50 levels.

Trade with levels only.

More will update during market hours….

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