EUR/USD: The first t/p objective met at 1.3350 (low of 1.3318) on shorts initiated at 1.3575-1.3625. Now, correction process should fail at 1.3400-1.3475. Reinstate shorts at this window with stop above 1.35 for next pit stop at 1.3150 (ahead of 1.30).
USD/JPY: The bounce from above 76.50 (our buy entry was at 76.75-76.25) fell short of t/p zone at 77.50-78.00 (high of 77.40). Let us continue to watch the set buy and sell zone
USD/INR: RBI strongly defending 52.40 to prevent posting a new all time low. RBI measures have arrested an extended run into 53.50-54.00 but could not reverse the trend into 51.50. Let us continue to watch buy zone of 51.50-51.00 and sell zone of 52.50-53.00. The market has so far traded between 51.70 and 52.58 (falling short of either side).Watch consolidation between 52.00-52.50. The risk of extension into 54-56 remains valid
NIFTY: NIFTY has bounced from 4640 (after slicing through the 4725-4675 support zone). It is shorts squeeze. now, while 4725 holds, next objective is 4450-4350. New range to play 4350-4850. Sell correction into 4725-4825 with stop above 4850.
Moses Harding
USD/JPY: The bounce from above 76.50 (our buy entry was at 76.75-76.25) fell short of t/p zone at 77.50-78.00 (high of 77.40). Let us continue to watch the set buy and sell zone
USD/INR: RBI strongly defending 52.40 to prevent posting a new all time low. RBI measures have arrested an extended run into 53.50-54.00 but could not reverse the trend into 51.50. Let us continue to watch buy zone of 51.50-51.00 and sell zone of 52.50-53.00. The market has so far traded between 51.70 and 52.58 (falling short of either side).Watch consolidation between 52.00-52.50. The risk of extension into 54-56 remains valid
NIFTY: NIFTY has bounced from 4640 (after slicing through the 4725-4675 support zone). It is shorts squeeze. now, while 4725 holds, next objective is 4450-4350. New range to play 4350-4850. Sell correction into 4725-4825 with stop above 4850.
Moses Harding
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