1. technology and computing
2. technical support

DAILY FX TECHNICAL
Vinod Maloo | vinod.maloo@emkayglobal.com | 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
mithun.maity@emkayglobal.com
022-6624-2401
Vikash Bairoliya
Sr. Manager
vikash.bairoliya@emkayglobal.com
022-6612-1263
Vinod Maloo
Senior Research Analyst
vinod.maloo@emkayglobal.com
022-6624-2404
Amrish Singh
Manager
amrish.singh@emkayglobal.com
022-6624-2436
Emkay Global Financial Services Limited
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7th Floor, The Ruby, Senapati Bapat Marg, Dadar (W), Mumbai– 400 028. Tel No. 6612 1212. Fax: 6612 1299
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