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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.10 levels. The pair is expected to find resistance at higher levels and trade weak below 79.80 level up to 79.60 and 79.40 levels.

* The EUR/INR futures pair has support at 80.90 levels whereas resistance is placed at 81.30 levels. The pair is expected to find support at lower levels and trade firm above 81.30 level up to 81.50 and 81.70 levels.

* The GBP/INR futures pair has support at 96.60 levels whereas resistance is placed at 97.00 levels. The pair is expected to find support at lower levels and trade firm above 97.00 level up to 97.20 and 97.40 levels.

* The JPY/INR futures pair has support at 58.90 levels whereas resistance is placed at 59.20 levels. The pair is expected to find support at lower levels and trade firm above 59.20 level up to 59.40 and 59.60 levels.

Strategy: Intraday

* JPYINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 58.90 level should be taken as buying opportunity targeting 59.20 – 59.40 levels on higher side

* For Intraday session, it has support at 58.90 – 58.70 levels whereas resistance is placed at 59.20- 59.40 levels

JPYINR (DAILY CHART)

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