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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 88.00 levels whereas resistance is placed at 88.50 levels. The pair is expected to find support at lower level and trade firm above 88.50 level up to 88.70 and 88.90 levels.

* The GBP/INR futures pair has support at 99.50 levels whereas resistance is placed at 100.10 levels. The pair is expected to trade range bound until either side level is breached.

* 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 support at lower level and trade firm above 62.40 level up to 62.60 and 62.80 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with mild positive bias in the last trading session; and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 62.00 level should be taken as buying opportunity targeting 62.40 – 62.60 levels on higher side

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

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