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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 82.90 levels. The pair is expected to find support at lower level and trade firm above 82.90 level up to 83.10 and 83.30 levels

* The EUR/INR futures pair has support at 88.60 levels whereas resistance is placed at 89.20 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 102.20 levels whereas resistance is placed at 102.80 levels. The pair is expected to find resistance at higher level and trade weak below 102.20 level up to 102.00 and 101.80 levels

* The JPY/INR futures pair has support at 59.20 levels whereas resistance is placed at 59.60 levels. The pair is expected to find resistance at higher level and trade weak below 59.20 level up to 59.00 and 58.80 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 59.60 level should be taken as selling opportunity targeting 59.20 – 59.00 levels on lower side

* For Intraday session, it has support at 59.20 – 59.00 levels whereas resistance is placed at 59.60 – 59.80 levels

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