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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.30 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 89.30 levels whereas resistance is placed at 89.80 levels. The pair is expected to find resistance at higher level and trade weak below 89.30 level up to 89.10 and 88.90 levels.

* The GBP/INR futures pair has support at 101.70 levels whereas resistance is placed at 102.30 levels. The pair is expected to find resistance at higher level and trade weak below 101.70 level up to 101.50 and 101.30 levels.

* The JPY/INR futures pair has support at 61.90 levels whereas resistance is placed at 62.40 levels. The pair is expected to find resistance at higher level and trade weak below 61.90 level up to 61.70 and 61.50 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with negative bias in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 62.40 level should be taken as selling opportunity targeting 61.90 – 61.70 levels on lower side

* For Intraday session, it has support at 61.90 – 61.70 levels whereas resistance is placed at 62.40 – 62.60 levels

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