FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
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FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
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AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
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NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
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FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
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Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
FxWirePro-Major European Indices 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
- USD/INR is currently trading around 63.85 marks.
- It made intraday high at 63.98 and low at 63.75 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.05 marks.
- Key resistances are seen at 64.06, 64.25, 64.36, 64.48, 64.60, 64.82, 64.98, 65.09, 65.18, 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 63.75, 63.62, 63.48, 63.36 and 63.11 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.16 percent higher at 9,946.15 points and BSE Sensex was trading at 0.07 percent higher at 31,684.97 points.
We prefer to take short position in USD/INR around 63.90, stop loss at 64.05 and target of 63.48.
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