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GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum 
- USD/INR is currently trading around 75.62 marks.
- It made intraday high at 75.91 and low at 75.48 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 76.24 mark.
- Key resistances are seen at 76.24, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 75.20, 74.90, 74.50, 73.74, 73.58, 73.00 and 72.58 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- India’s NSE was trading 1.46 pct lower at 8,133 points and BSE Sensex was trading 1.56 pct lower at 27,772.55 points.
We prefer to take short position on USD/INR around 75.65, stop loss at 75.92 and target of 75.20.
