IGI Logo

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 trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.10 levels whereas resistance is placed at 88.70 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.90 levels whereas resistance is placed at 100.40 levels. The pair is expected to find resistance at higher level and trade weak below 99.90 level up to 99.70 and 99.50 levels.

* The JPY/INR futures pair has support at 62.00 levels whereas resistance is placed at 62.40 levels. The pair is expected to find resistance at higher level and trade weak below 62.00 level up to 61.80 and 61.60 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 downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 62.40 level should be taken as selling opportunity targeting 62.00 – 61.80 levels on lower side

* For Intraday session, it has support at 62.00 – 61.80 levels whereas resistance is placed at 62.40 – 62.60 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