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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 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 90.30 levels whereas resistance is placed at 90.80 levels. The pair is expected to find resistance at higher level and trade weak below 90.30 level up to 90.10 and 89.90 levels.

* The GBP/INR futures pair has support at 102.00 levels whereas resistance is placed at 102.50 levels. The pair is expected to find resistance at higher level and trade weak below 102.00 level up to 101.80 and 101.60 levels.

* The JPY/INR futures pair has support at 61.30 levels whereas resistance is placed at 61.70 levels. The pair is expected to find support at lower level and trade firm above 61.70 level up to 61.90 and 62.10 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR 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 102.50 level should be taken as selling opportunity targeting 102.00 – 101.80 levels on lower side

* For Intraday session, it has support at 102.00 – 101.80 levels whereas resistance is placed at 102.50 – 102.70 levels

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