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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.30 levels whereas resistance is placed at 74.70 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 87.40 levels whereas resistance is placed at 87.90 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 102.30 levels whereas resistance is placed at 102.80 levels. The pair is expected to find support at lower levels and trade firm above 102.80 level up to 103.00 and 103.15 levels

* The JPY/INR futures pair has support at 67.40 levels whereas resistance is placed at 67.70 levels. The pair is expected to find support at lower levels and trade firm above 67.70 level up to 67.90 and 68.05 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with positive bias and managed to sustain above upward sloping trend line in last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 67.40 level should be taken as buying opportunity targeting 67.70 – 67.90 levels on higher side

* For Intraday session, it has support at 67.40 – 67.20 levels whereas resistance is placed at 67.70 – 67.90 levels

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