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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 89.50 levels whereas resistance is placed at 90.00 levels. The pair is expected to find resistance at higher level and trade weak below 89.50 level up to 89.30 and 89.10 levels.

* The GBP/INR futures pair has support at 102.80 levels whereas resistance is placed at 103.40 levels. The pair is expected to find resistance at higher level and trade weak below 102.80 level up to 102.60 and 102.40 levels.

* The JPY/INR futures pair has support at 61.00 levels whereas resistance is placed at 61.50 levels. The pair is expected to find resistance at higher level and trade weak below 61.00 level up to 60.80 and 60.60 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 upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 90.00 level should be taken as selling opportunity targeting 89.50 – 89.30 levels on lower side

* For Intraday session, it has support at 89.50 – 89.30 levels whereas resistance is placed at 90.00 – 90.20 levels

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