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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 78.60 levels whereas resistance is placed at 79.00 levels. The pair is expected to find support at lower levels and trade firm above 79.00 level up to 79.20 and 79.30 levels.

* The EUR/INR futures pair has support at 80.70 levels whereas resistance is placed at 81.20 levels. The pair is expected to find resistance at higher levels and trade weak below 80.70 level up to 80.50 and 80.30 levels.

* The GBP/INR futures pair has support at 96.20 levels whereas resistance is placed at 96.70 levels. The pair is expected to find resistance at higher levels and trade weak below 96.20 level up to 96.00 and 95.80 levels.

* The JPY/INR futures pair has support at 60.10 levels whereas resistance is placed at 60.50 levels. The pair is expected to find resistance at higher levels and trade weak below 60.10 level up to 59.90 and 59.70 levels.

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed below upward slopping support line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 96.70 level should be taken as selling opportunity targeting 96.20 – 96.00 levels on lower side

* For Intraday session, it has support at 96.20 – 96.00 levels whereas resistance is placed at 96.70- 96.90 levels

JPYINR (DAILY CHART)

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