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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.50 levels whereas resistance is placed at 75.00 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 87.90 levels whereas resistance is placed at 88.50 levels. The pair is expected to find resistance at higher levels and trade weak below 87.90 level up to 87.70 and 87.55 levels

* The GBP/INR futures pair has support at 101.50 levels whereas resistance is placed at 102.00 levels. The pair is expected to find resistance at higher levels and trade weak below 101.70 level up to 101.50 and 101.25 levels

* The JPY/INR futures pair has support at 68.00 levels whereas resistance is placed at 68.50 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 negative bias and managed to sustain below upward sloping trend line in last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 102.00 level should be taken as selling opportunity targeting 101.50 – 101.25 levels on lower side

* For Intraday session, it has support at 101.50 – 101.25 levels whereas resistance is placed at 102.00 – 102.25 levels

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