IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.70 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.40 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 91.00 levels whereas resistance is placed at 91.40 levels. The pair is expected to find support at lower levels and trade firm above 91.40 level up to 91.60 and 91.80 levels

* The JPY/INR futures pair has support at 56.20 levels whereas resistance is placed at 56.70 levels. The pair is expected to find resistance at higher levels and trade weak below 56.20 level up to 56.00 and 55.80 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with negative bias and managed to closed below downward slopping resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 56.70 level should be taken as selling opportunity targeting 56.20 – 56.00 levels on lower side

* For Intraday session, it has support at 56.20 – 56.00 levels whereas resistance is placed at 56.70 – 56.90 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer