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USDINR lost 11 paise to closed at 82.61.What should traders do on Monday ?

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USDINR

USDINR lost 11 paise to closed at 82.61.What should traders do on Monday ?

The Rupee appreciated by 11 Paisa to close positive at 82.61 against the US dollar on Friday trading day. During the session it made the high of 82.73 and low of 82.56.

USDINR has near support at 82.50 level and pivot points indicating 82.30 is the next support level, followed by 82.00. If the USDINR advances further the initial key resistance zone level to watch out for is 82.75—82.90, followed by 83.00 level.

GBPINR

GBP INR Levels

GBPINR opened around support level 102.02 level and rise from the lower levels on daily chart till 102.32 level and closed at 102.28 level. Horizontal support line indicating 102.00 still as support level and 102.50—102.70 as resistance zone.

EURINR

EUR INR Levels

EURINR fall after breaking another mentioned support levels of 88.80 on daily chart and made a sharp downside move till 88.57 and again reversed from mentioned support level of 88.50. EURINR pivot points suggesting a support zone 88.50—88.40 as long as it is trading above this level, we can expect further pull back while 88.90—89.10 zone can act as good resistance.

JPYINR

JPY INR Levels

JPYINR opened gap down and traded in the downside direction throughout the session and closed 17 paise lower from the closing of previous session, settled around 59.10. As long as JPYINR sustain above 59.00—58.90 level we can see upward drift while according to horizontal line resistance can be taken around 59.30—59.50 zone.