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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.60 levels whereas resistance is placed at 74.00 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 87.00 levels whereas resistance is placed at 87.40 levels. The pair is expected to trade weak below 87.00 levels up to 86.80 and 86.65 levels.

The GBP/INR futures pair has support at 102.10 levels whereas resistance is placed at 102.50 levels. The pair is expected to trade weak below 102.10 levels up to 101.90 and 101.75 levels.

The JPY/INR future pair has support at 66.80 levels whereas resistance is placed at 67.20 levels. The pair is expected to trade firm above 67.20 levels up to 67.40 and 67.55 levels.

CHART OF THE DAY JPYINR

(DAILY CHART)

Strategy: Intraday

JPYINR 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 with positive bias and any pullback near immediate support of 66.80 level should be taken as buying opportunity targeting 67.20 – 67.40 levels on higher side

For Intraday session, it has support at 66.80 – 66.60 levels whereas resistance is placed at 67.20 – 67.40 levels

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