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CURRENCY TECHNICAL OUTLOOK

*  The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 82.00 levels. The pair is expected to find support at lower level and trade firm above 82.00 level up to 82.20 and 82.40 levels.

* The EUR/INR futures pair has support at 85.00 levels whereas resistance is placed at 85.50 levels. The pair is expected to find resistance at higher level and trade weak below 85.00 level up to 84.80 and 84.60 levels.

* The GBP/INR futures pair has support at 98.80 levels whereas resistance is placed at 99.30 levels. The pair is expected to find resistance at higher level and trade weak below 98.80 level up to 98.60 and 98.40 levels.

* The JPY/INR futures pair has support at 58.60 levels whereas resistance is placed at 59.10 levels. The pair is expected to find resistance at higher level and trade weak below 58.60 level up to 58.40 and 58.20 levels.

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 59.10 level should be taken as selling opportunity targeting 58.60 – 58.40 levels on lower side

* For Intraday session, it has support at 58.60 – 58.40 levels whereas resistance is placed at 59.10 – 59.30 levels

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