DAILY FX TECHNICAL

DAILY FX TECHNICAL
Vinod Maloo | [email protected] | 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
[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
CIN - L67120MH1995PLC084899
7th Floor, The Ruby, Senapati Bapat Marg, Dadar (W), Mumbai– 400 028. Tel No. 6612 1212. Fax: 6612 1299
DISCLAIMER
Emkay Global Financial Services Limited and its affiliates are a full-service, brokerage, investment banking, investment management, and financing group. We along with our affiliates are participants in
virtually all securities trading markets in India. Our research professionals provide important input into our investment banking and other business selection processes. Investors may assume that Emkay
Global Financial Services Limited and/or its affiliates may seek investment banking or other business from the company or companies that are the subject of this material and that the research professionals
who were involved in preparing this material may participate in the solicitation of such business. Our salespeople, traders, and other professionals may provide oral or written market commentary or trading
strategies to our clients that reflect opinions that are contrary to the opinions expressed herein, and our proprietary trading and investing businesses may make investment decisions that are inconsistent with
the recommendations expressed herein. In reviewing these materials, you should be aware that any or all of the foregoing, among other things, may give rise to real or potential conflicts of interest.
Additionally, other important information regarding our relationships with the company or companies that are the subject of this material is provided herein. This report is not directed to, or intended for
distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be
contrary to law or regulation or which would subject Emkay Global Financial Limited or its group companies to any registration or licensing requirement within such jurisdiction. Specifically, this document
does not constitute an offer to or solicitation to any U.S. person for the purchase or sale of any financial instrument or as an official confirmation of any transaction to any U.S. person unless otherwise stated,
this message should not be construed as official confirmation of any transaction. No part of this document may be distributed in Canada or used by private customers in United Kingdom. All material
presented in this report, unless specifically indicated otherwise, is under copyright to Emkay. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, copied or
distributed to any other party, without the prior express written permission of Emkay. All trademarks, service marks and logos used in this report are trademarks or registered trademarks of Emkay or its
Group Companies. The information contained herein is not intended for publication or distribution or circulation in any manner whatsoever and any unauthorized reading, dissemination, distribution or copying
of this communication is prohibited unless otherwise expressly authorized. Please ensure that you have read “Risk Disclosure Document for Capital Market and Derivatives Segments” as prescribed by
Securities and Exchange Board of India before investing in Indian Securities Market. In so far as this report includes current or historic information, it is believed to be reliable, although its accuracy and
completeness cannot be guaranteed.