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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.30 levels whereas resistance is placed at 75.90 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 87.10 levels whereas resistance is placed at 87.40 levels. The pair is expected to trade firm above 87.40 levels up to 87.60 and 87.80 levels.

The GBP/INR futures pair has support at 102.50 levels whereas resistance is placed at 102.90 levels. The pair is expected to trade firm above 102.90 levels up to 103.10 and 103.30 levels.

The JPY/INR future pair has support at 66.30 levels whereas resistance is placed at 66.80 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

GBPINR (2-HOURLY CHART)

Strategy: Intraday

GBPINR pair traded with positive bias and managed to sustain above upward sloping trend line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 102.90 level should be taken as buying opportunity targeting 103.10 – 103.30 levels on higher side

For Intraday session, it has support at 102.50 – 102.30 levels whereas resistance is placed at 103.10 – 103.30 levels

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