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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 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 87.70 levels whereas resistance is placed at 88.30 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 101.70 levels whereas resistance is placed at 102.20 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 60.30 levels whereas resistance is placed at 60.70 levels. The pair is expected to find support at lower level and trade firm above 60.70 level up to 60.90 and 61.10 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with negative bias in the last trading session but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 60.30 level should be taken as buying opportunity targeting 60.70 – 60.90 levels on higher side

* For Intraday session, it has support at 60.30 – 60.10 levels whereas resistance is placed at 60.70 – 60.90 levels

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