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

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

Major Currency Pairs support and resistance levels

 

 

Major Currency Pairs Weekly Support and Resistance Levels

 

USDINR (AUG)

 

Technical Chart of USDINR
Technical Chart of USDINR

 

From the last seven weeks USDINR has been stuck in the range and also we have noticed a lack of volume in it.

USDINR has its 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 recommended that GBPINR above 98.35 could test 99.50—99.80 levels, it made a high of 99.33 close to our initial target and crashed.

Now, what to expect??

Now, GBPINR has its support at 97.90 and resistance at 99.35.

Break and sustain above 99.35 will see an upside move 100.50—101.00++ levels in days to come or else it could test its support again.

Fresh selling will only do below 97.90 levels. Below 97.90 could test 97.30, more and more downside move will give on a close below 97.30 levels.

Trade with the levels only.

 

 

EURINR

Technical Chart of EURINR
Technical Chart of EURINR

 

EURINR not able to sustain above 89.30 levels and crashed as we expected a rally above 89.30 levels.

Now, what to expect??

EURINR has its support at 88.10 and resistance at 89.10—89.50.

Break and sustain below0 88.10 will see a downside move till 87.30—86.70 in days to come.

Or, if it bounces back and manages to close above 89.50 then the rally will likely to continue till 99.80—100.00++ levels.
Fresh buying will do only on a close above 89.50 levels.

Trade with the levels only.

 

 

CURRENCY PAIRS – JPYINR

Technical Chart of JPYINR
Technical Chart of JPYINR

 

In our last weekly update, we recommended buying in JPYINR in panic around 70.20—70.00 for the upside target of 71.50—72.00 levels, it made a high of 71.25 close to our initial target.

Now, what to expect??

It has its support at 70.60 and resistance at 71.00.

Break and sustain above 71.00 will take it to 72.00—72.50 levels or else it could test its support again.

Fresh selling will do below 70.60.

Trade with levels only.

 

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

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