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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 83.00 levels. The pair is expected to find resistance at higher level and trade weak below 82.50 level up to 82.30 and 82.10 levels.

* The EUR/INR futures pair has support at 87.70 levels whereas resistance is placed at 88.10 levels. The pair is expected to find support at lower level and trade firm above 88.10 level up to 88.30 and 88.50 levels.

* The GBP/INR futures pair has support at 100.00 levels whereas resistance is placed at 100.50 levels. The pair is expected to find support at lower level and trade firm above 100.50 level up to 100.70 and 100.90 levels.

* The JPY/INR futures pair has support at 62.10 levels whereas resistance is placed at 62.60 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a 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 100.00 level should be taken as buying opportunity targeting 100.50 – 100.70 levels on higher side

* For Intraday session, it has support at 100.00 – 99.80 levels whereas resistance is placed at 100.50 – 100.70 levels

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