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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.50 levels whereas resistance is placed at 76.90 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 81.00 levels whereas resistance is placed at 81.40 levels. The pair is expected to trade range bound until either side level is breached.

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 support at lower levels and trade firm above 96.70 level up to 96.90 and 97.10 levels.

The JPY/INR futures pair has support at 58.70 levels whereas resistance is placed at 59.20 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

GBPINR pair traded with positive bias and managed to closed above downward sloping trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 96.20 level should be taken as buying opportunity targeting 96.70 – 96.90 levels on higher side

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

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