The GBP/INR futures pair has support at 103.60 levels whereas resistance is placed at 104.00 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 83.00 levels whereas resistance is placed at 83.30 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 89.10 levels whereas resistance is placed at 89.40 levels. The pair is expected to find support at lower level and trade firm above 89.40 level up to 89.50 and 89.60 levels
* The GBP/INR futures pair has support at 103.60 levels whereas resistance is placed at 104.00 levels. The pair is expected to find support at lower level and trade firm above 104.00 level up to 104.10 and 104.20 levels
* The JPY/INR futures pair has support at 56.60 levels whereas resistance is placed at 56.90 levels. The pair is expected to find resistance at higher level and trade weak below 56.60 level up to 56.50 and 56.40 levels
CHART OF THE DAY
JPYINR (DAILY CHART)
Strategy: Intraday
* COPPER prices traded with negative bias during the last trading session; and prices are trading below upward trend line.
* For Intraday session immediate support is at 724-720 level and resistance at 732 - 736. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 724 - 720 levels on lower side.
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