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CURRENCY TECHNICAL OUTLOOK

*  The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 81.90 levels. The pair is expected to find support at lower level and trade firm above 81.90 level up to 82.10 and 82.30 levels.

* The EUR/INR futures pair has support at 85.50 levels whereas resistance is placed at 85.90 levels. The pair is expected to find resistance at higher level and trade weak below 85.50 level up to 85.30 and 85.10 levels.

* The GBP/INR futures pair has support at 98.60 levels whereas resistance is placed at 99.10 levels. The pair is expected to find resistance at higher level and trade weak below 98.60 level up to 98.40 and 98.20 levels.

* The JPY/INR futures pair has support at 59.20 levels whereas resistance is placed at 59.60 levels. The pair is expected to find resistance at higher level and trade weak below 59.20 level up to 59.00 and 58.80 levels.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 99.10 level should be taken as selling opportunity targeting 98.60 – 98.40 levels on lower side

* For Intraday session, it has support at 98.60 – 98.40 levels whereas resistance is placed at 99.10 – 99.30 levels

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