INR - Watching the 12.60 break

Been looking at $INR lately and that 12.60 level is proving to be a real sticking point. We saw it bounce hard off there today after hitting 12.61, but it feels like the pressure's building. If we get a sustained break and close below 12.60, especially on higher volume, I think it opens up a move towards 12.30. The risk, obviously, is if it just holds here and pushes back towards 13.00, which would invalidate the downside scenario I'm tracking for now.