1. business and industrial

DAILY FX TECHNICAL
Vinod Maloo | [email protected] | 022-6624-2404
USDINR-Spot- Daily Chart
 USDINR pair fell sharply below 63.00 and now near to previous channel line support around 62.20 and as far as holding this level,
pair will again try to bounce back. Pair should not fall below 62.00 else pair can further slide towards 61.50-61.60 levels.

Today pair is expected to have intraday support at 62.20-62.25 and can try to bounce back towards 62.40-62.45. Fresh upside can
only be seen above 62.45 towards 62.60. On lower side pair should not fall below 62.00 else further selling can be seen towards 61.80.
January 12, 2015
1
EMKAY GLOBAL FINANCIAL SERVICES LIMITED
Daily FX Technical
EURUSD- Daily Chart
 Euro fell further below 1.2000 but pair still have major weekly support at 1.1750. Pair is expected to show sharp recovery towards
1.2100-1.2250 in coming days as far as pair holds 1.11750 on closing basis. Only a breakdown below 1.1750 can trigger further selling.

Pair is expected to have intraday support at 1.1800-1.1820 and buying interest can be seen there. On higher side pair can have
immediate resistance at 1.1900 and breakout above this can take pair higher towards 1.170. Pair should not fall below 1.1750 to
remain positive for the day.
January 12, 2015
2
EMKAY GLOBAL FINANCIAL SERVICES LIMITED
Daily FX Technical
GBPUSD- Daily Chart
 GBPUSD pair also crashed badly as was mentioned since last few days. Pair now have crucial channel line support near 1.5000
and expected to bounce back sharply towards 1.5400 and 1.5500 in coming days.

Today pair have intraday support at 1.5120-1.5140 and expected to move higher towards 1.5200 and fresh upside can be seen
above this towards 1.5270. Pair should not fall below 1.5060 to remain positive for the day.
January 12, 2015
3
EMKAY GLOBAL FINANCIAL SERVICES LIMITED
Daily FX Technical
USDJPY- Daily Chart
 USDJPY pair is consolidating between 121.0-118.0 since last few days. Pair can trade sideways to lower as far as trading below
121.0 and on lower side can again drift lower towards 117.0 on break of 118.0

Pair have intraday resistance at 118.7-118.8 and on lower side can have intraday support at 118.0. Fresh selling can be seen
below 118.0 towards 117.0 and pair can again bounce back from that level. Pair should not move past 119.3 to remain weak for the
day.
January 12, 2015
4
EMKAY GLOBAL FINANCIAL SERVICES LIMITED
Daily FX Technical
Currency
Technical Outlook for the day on Indian Pairs
USDINR
January USDINR pair is expected to have intraday support at 62.15-62.20 and intraday bounce can be seen towards
62.45-62.50 but will again come down from there. Pair should not fall below 62.00 to maintain corrective view.
EURINR
EURINR January pair expected to have intraday support73.70-73.80 and as far as holding 73.40 level, will again try to
bounce back towards 74.10-74.30. Pair should not fall below 73.40 to hold this view.
JPYINR
JPYINR January pair have immediate support at 52.60-52.70 and expected to remain positive as far as holding 52.40.
Pair on higher side can test 53.00 and 53.30.
GBPINR
GBPINR January pair have intraday support at 94.45-94.50 and expected to give temporary breakout above 95.00 and
can test 95.40-95.50. Pair should not fall below 94.00 to remain positive for the day.
January 12, 2015
5
EMKAY GLOBAL FINANCIAL SERVICES LIMITED
Corporate FX Desk
Mithun Maity
AVP
[email protected]
022-6624-2401
Vikash Bairoliya
Sr. Manager
[email protected]
022-6612-1263
Vinod Maloo
Senior Research Analyst
[email protected]
022-6624-2404
Amrish Singh
Manager
[email protected]
022-6624-2436
Emkay Global Financial Services Limited
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