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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 74.10 levels whereas resistance is placed at 74.40 levels. The pair is expected to find resistance at higher levels and trade weak below 74.10 level up to 73.90 and 73.75 levels

The EUR/INR futures pair has support at 86.90 levels whereas resistance is placed at 87.50 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 101.60 levels whereas resistance is placed at 102.10 levels. The pair is expected to find support at lower levels and trade firm above 102.10 level up to 102.30 and 102.45 levels

The JPY/INR futures pair has support at 67.40 levels whereas resistance is placed at 67.80 levels. The pair is expected to 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 upward sloping trend line in the last trading session

The pair is likely to trade positive bias and any pullback near immediate support of 101.60 level should be taken as buying opportunity targeting 102.10 – 102.30 levels on higher side

For Intraday session, it has support at 101.60 – 101.40 levels whereas resistance is placed at 102.10 – 102.30 levels

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