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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 range bound until either side level is breached

* The EUR/INR futures pair has support at 88.10 levels whereas resistance is placed at 88.50 levels. The pair is expected to find support at lower level and trade firm above 88.50 level up to 88.70 and 88.90 levels.

* The GBP/INR futures pair has support at 100.50 levels whereas resistance is placed at 101.00 levels. The pair is expected to find support at lower level and trade firm above 101.00 level up to 101.20 and 101.40 levels.

* The JPY/INR futures pair has support at 62.70 levels whereas resistance is placed at 63.10 levels. The pair is expected to find support at lower level and trade firm above 63.10 level up to 63.30 and 63.50 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 105.00 level should be taken as buying opportunity targeting 101.00 – 101.20 levels on higher side

* For Intraday session, it has support at 100.50 – 100.30 levels whereas resistance is placed at 101.00 – 101.20 levels

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