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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.60 levels whereas resistance is placed at 89.10 levels. The pair is expected to find support at lower level and trade firm above 89.10 level up to 89.30 and 89.50 levels.

* The GBP/INR futures pair has support at 100.40 levels whereas resistance is placed at 100.80 levels. The pair is expected to find support at lower level and trade firm above 100.80 level up to 101.00 and 101.20 levels.

* The JPY/INR futures pair has support at 63.00 levels whereas resistance is placed at 63.50 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with mild negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 100.30 level should be taken as buying opportunity targeting 100.80 – 101.00 levels on higher side

* For Intraday session, it has support at 100.40 – 100.20 levels whereas resistance is placed at 100.80 – 101.00 levels

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