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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.20 levels whereas resistance is placed at 81.80 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.00 levels whereas resistance is placed at 88.50 levels. The pair is expected to find support at lower level and trade firm above 88.50 level up to 88.70 and 88.90 levels.

* The GBP/INR futures pair has support at 99.20 levels whereas resistance is placed at 99.70 levels. The pair is expected to find support at lower level and trade firm above 99.70 level up to 99.90 and 100.10 levels.

* The JPY/INR futures pair has support at 63.30 levels whereas resistance is placed at 63.70 levels. The pair is expected to find support at lower level and trade firm above 63.70 level up to 63.90 and 64.10 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 63.30 level should be taken as buying opportunity targeting 63.70 – 63.90 levels on higher side

* For Intraday session, it has support at 63.30 – 63.10 levels whereas resistance is placed at 63.70 – 63.90 levels

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