GBPINR pair traded with negative bias and managed to closed below downward trending line in the last trading session - Monarch Networth
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/03/65fdaf318291d3a4eddc6152c8397393.jpg)
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CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 76.90 levels whereas resistance is placed at 77.40 levels. The pair is expected to range bound until either side level is breached
The EUR/INR futures pair has support at 83.90 levels whereas resistance is placed at 84.40 levels. The pair is expected to range bound until either side level is breached
The GBP/INR futures pair has support at 100.90 levels whereas resistance is placed at 101.50 levels. The pair is expected to find resistance at higher levels and trade weak below 100.90 level up to 100.70 and 100.50 levels
The JPY/INR futures pair has support at 66.50 levels whereas resistance is placed at 66.80 levels. The pair is expected to find resistance at higher levels and trade weak below 66.50 level up to 66.30 and 66.10 levels
CHART OF THE DAY
Strategy: Intraday
GBPINR pair traded with negative bias and managed to closed below downward trending line in the last trading session
The pair is likely to trade with negative bias and any pullback near immediate resistance of 101.50 level should be taken as selling opportunity targeting 100.90 – 100.70 levels on lower side
For Intraday session, it has support at 100.90 –100.70 levels whereas resistance is placed at 101.50 – 101.70 levels
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