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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 83.10 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.50 levels whereas resistance is placed at 89.10 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.00 levels whereas resistance is placed at 99.50 levels. The pair is expected to find support at lower level and trade firm above 99.50 level up to 99.70 and 99.90 levels.

* The JPY/INR futures pair has support at 62.60 levels whereas resistance is placed at 63.00 levels. The pair is expected to find support at lower level and trade firm above 63.00 level up to 63.20 and 63.40 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded within a tight range 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 62.60 level should be taken as buying opportunity targeting 63.00 – 63.20 levels on higher side

* For Intraday session, it has support at 62.60 – 62.40 levels whereas resistance is placed at 63.00 – 63.20 levels

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