DAILY FX TECHNICAL Vinod Maloo | [email protected] | 022-6624-2404 USDINR-Spot- Daily Chart USDINR pair is expected to have major resistance at 64.00 and as far as holding below this level pair is expected to correct towards 63.00-62.5 in coming days. Only a close above 64.00 can take pair further higher. Today pair is expected to have immediate resistance at 63.65-70 levels and as far as trading below 63.80, can trade sideways to lower towards 63.45-63.40. Pair can see fresh selling only below 63.40 towards 63.25. On higher side, only a breakout above 63.80 can take pair higher else pair should come down. December 29, 2014 1 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Technical EURUSD- Daily Chart Euro gave fresh breakdown below 1.2270 and now expected to travel lower once give further breakdown below 1.2150 and can test 1.2000-1.2040. Pair should not move past 1.2300 to remain weak in coming days. Pair can have Intraday resistance at 1.2225-1.2230 and can travel lower towards 1.2150 and fresh selling can be seen below this towards 1.2070-1.2050. Pair should not move above 1.2280 to maintain the negative outlook for the day. December 29, 2014 2 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Technical GBPUSD- Daily Chart GBPUSD pair gave further breakdown below 1.5600 and now expected to travel lower towards 1.5400-1.5350 in coming days. Pair should not move past 1.5700 to hold the negative outlook for coming days. Today pair have intraday resistance at 1.5570-1.5580 and as far as pair is trading below 1.5630 pair is expected to travel lower towards 1.5520-1.5490. Pair can see fresh selling below 1.5490. December 29, 2014 3 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Technical USDJPY- Daily Chart USDJPY pair could not move past 121.0 and again came down. Pair have major resistance at 121.90 and fresh upside can only be seen above this else pair will again come down. Pair have intraday resistance at 120.5-120.6 and expected to remain weak as far as trading below 121.0. On lower side pair can see fresh selling below 120.0 and can test 119.0. December 29, 2014 4 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Technical Currency Technical Outlook for the day on Indian Pairs USDINR December USDINR pair have intraday resistance at 63.60-63.65 and can remain weak till trades below 63.80 level. On lower side pair have intraday support at 63.45 and fresh selling can be seen only below this else pair can move in this range. Pair should not move past 63.80 to maintain corrective outlook for the day. EURINR EURINR December pair expected to have intraday resistance at 77.70-77.75 and should come down from that level. Pair should not move past 77.95 to maintain corrective outlook. On lower side pair have support tat 77.20 and fresh selling can be seen below this towards 77.00. JPYINR JPYINR December pair have immediate resistance at 52.90-52.09 and can remain weak as far as trading below 153.05. On lower side pair have intraday support at 152.70 and expected to remain in this range. GBPINR GBPINR December pair have intraday resistance at 99.05-99.10 and can remain weak till trades below 99.25. On lower side pair can test 98.80 and 98.60. December 29, 2014 5 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Corporate FX Desk Mithun Maity AVP [email protected] 022-6624-2401 Vikash Bairoliya Sr. Manager [email protected] 022-6612-1263 Vinod Maloo Senior Research Analyst [email protected] 022-6624-2404 Amrish Singh Manager [email protected] 022-6624-2436 Emkay Global Financial Services Limited CIN - L67120MH1995PLC084899 7th Floor, The Ruby, Senapati Bapat Marg, Dadar (W), Mumbai– 400 028. Tel No. 6612 1212. 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