IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.20 levels. The pair is expected to find resistance at higher level and trade weak below 81.80 level up to 81.60 and 81.40 levels.

* The EUR/INR futures pair has support at 90.20 levels whereas resistance is placed at 90.70 levels. The pair is expected to find support at lower level and trade firm above 90.70 level up to 90.90 and 91.10 levels.

* The GBP/INR futures pair has support at 102.20 levels whereas resistance is placed at 102.80 levels. The pair is expected to find support at lower level and trade firm above 102.80 level up to 103.00 and 103.20 levels.

* The JPY/INR futures pair has support at 60.30 levels whereas resistance is placed at 61.00 levels. The pair is expected to find support at lower level and trade firm above 61.00 level up to 61.20 and 61.40 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with positive bias and any pullback near immediate support of 102.20 level should be taken as buying opportunity targeting 102.80 – 103.00 levels on higher side

* For Intraday session, it has support at 102.20 – 102.40 levels whereas resistance is placed at 103.00 – 103.20 levels

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer