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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.70 levels whereas resistance is placed at 83.20 levels. The pair is expected to find support at lower level and trade firm above 83.20 level up to 83.40 and 83.60 levels.

* The EUR/INR futures pair has support at 87.90 levels whereas resistance is placed at 88.40 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.80 levels whereas resistance is placed at 100.30 levels. The pair is expected to find support at lower level and trade firm above 100.30 level up to 100.50 and 100.70 levels.

* The JPY/INR futures pair has support at 63.60 levels whereas resistance is placed at 64.00 levels. The pair is expected to find resistance at higher level and trade weak below 63.60 level up to 63.40 and 63.20 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 upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 64.00 level should be taken as selling opportunity targeting 63.60 – 63.40 levels on lower side

* For Intraday session, it has support at 63.60 – 63.40 levels whereas resistance is placed at 64.00 – 64.20 levels

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