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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.00 levels whereas resistance is placed at 73.40 levels. The pair is expected to trade range bound until either side level is breached

The EUR/INR futures pair has support at 86.70 levels whereas resistance is placed at 87.10 levels. The pair is expected to find support at lower levels and trade firm above 87.10 level up to 87.30 and 87.45 levels

The GBP/INR futures pair has support at 101.00 levels whereas resistance is placed at 101.40 levels. The pair is expected to find support at lower levels and trade firm above 101.40 level up to 101.60 and 101.75 levels

The JPY/INR futures pair has support at 66.40 levels whereas resistance is placed at 66.80 levels. The pair is expected to trade range bound until either side level is breached

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

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

The pair is likely to trade with positive bias and any pullback near immediate support of 101.00 level should be taken as buying opportunity targeting 101.40 – 101.60 levels on higher side

For Intraday session, it has support at 101.00 – 100.80 levels whereas resistance is placed at 101.40 – 101.60 levels

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