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CURRENCYTECHNICAL OUTLOOK

The USD/INR futures pair has support at 77.40 levels whereas resistance is placed at 77.70 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 80.50 levels whereas resistance is placed at 80.80 levels. The pair is expected to find support at lower levels and trade firm above 80.80 level up to 81.00 and 81.20 levels.

The GBP/INR futures pair has support at 94.40 levels whereas resistance is placed at 94.80 levels. The pair is expected to find support at lower levels and trade firm above 94.80 level up to 95.00 and 95.20 levels.

The JPY/INR futures pair has support at 60.00 levels whereas resistance is placed at 60.40 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

GBPINR pair traded with mild negative bias and managed to closed above horizontal sloping trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 94.40 level should be taken as buying opportunity targeting 94.80 – 95.00 levels on higher side

For Intraday session, it has support at 94.40 –94.20 levels whereas resistance is placed at 94.80 – 95.00 levels

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