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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.40 levels whereas resistance is placed at 83.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.40 levels. The pair is expected to find support at lower levels and trade firm above 83.40 level up to 83.60 and 83.80 levels.

* The GBP/INR futures pair has support at 95.30 levels whereas resistance is placed at 95.80 levels. The pair is expected to find support at lower levels and trade firm above 95.80 level up to 96.00 and 97.20 levels.

* The JPY/INR futures pair has support at 55.70 levels whereas resistance is placed at 56.20 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 upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 95.30 level should be taken as buying opportunity targeting 95.80 – 96.00 levels on higher side

* For Intraday session, it has support at 95.30 – 95.10 levels whereas resistance is placed at 95.80 – 96.00 levels

GBPINR (Daily CHART)

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