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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.60 levels whereas resistance is placed at 76.30 levels. The pair is expected to range bound until either side level is breached

The EUR/INR futures pair has support at 84.60 levels whereas resistance is placed at 85.20 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 102.00 levels. The pair is expected to find resistance at higher levels and trade weak below 101.60 level up to 101.40 and 101.20 levels

The JPY/INR futures pair has support at 66.00 levels whereas resistance is placed at 66.50 levels. The pair is expected to find resistance at higher levels and trade weak below 66.50 level up to 66.30 and 66.10 levels

CHART OF THE DAY

Strategy: Intraday

GBPNR pair traded with negative bias and managed to closed below downward trending line in the 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 101.60 – 101.40 levels on lower side

For Intraday session, it has support at 101.60 –101.40 levels whereas resistance is placed at 102.00 – 102.20 levels

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