GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
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Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
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FxWirePro: USD/ZAR edges higher, set to stay on back foot 
- USD/INR is currently trading around 71.09 marks.
- It made intraday high at 71.14 and low at 70.85 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 71.47 mark.
- Key resistances are seen at 71.48 and 71.86 marks respectively.
- On the other side, initial supports are seen at 70.85, 70.60, 70.23, 69.87, 69.62, 69.35, 69.02, 68.65 and 68.15 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 0.03 percent lower at 10,920.58 points while BSE Sensex was trading 0.11 points lower at 36,404.11 points.
We prefer to take short position on USD/INR around 71.10, stop loss at 71.38 and target of 71.60.
