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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.40 levels whereas resistance is placed at 81.90 levels. The pair is expected to find resistance at higher level and trade weak below 81.40 level up to 81.20 and 81.00 levels.

* The EUR/INR futures pair has support at 87.70 levels whereas resistance is placed at 88.20 levels. The pair is expected to find support at lower level and trade firm above 88.20 level up to 88.40 and 88.60 levels.

* The GBP/INR futures pair has support at 99.00 levels whereas resistance is placed at 99.50 levels. The pair is expected to find support at lower level and trade firm above 99.50 level up to 99.70 and 99.90 levels.

* The JPY/INR futures pair has support at 62.20 levels whereas resistance is placed at 62.70 levels. The pair is expected to find support at lower level and trade firm above 62.70 level up to 62.90 and 63.10 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 62.20 level should be taken as buying opportunity targeting 62.70 – 62.90 levels on higher side

* For Intraday session, it has support at 62.20 – 62.00 levels whereas resistance is placed at 62.70 – 62.90 levels

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