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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 find support at lower level and trade firm above 106.10 level up to 106.30 and 106.50 levels

* The EUR/INR futures pair has support at 91.00 levels whereas resistance is placed at 91.50 levels. The pair is expected to find resistance at higher level and trade weak below 91.00 level up to 90.80 and 90.60 levels

* The GBP/INR futures pair has support at 105.90 levels whereas resistance is placed at 106.50 levels. The pair is expected to find resistance at higher level and trade weak below 105.90 level up to 105.70 and 105.50 levels

* The JPY/INR futures pair has support at 58.60 levels whereas resistance is placed at 59.00 levels. The pair is expected to find support at lower level and trade firm above 59.00 level up to 59.20 and 59.40 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 58.60 level should be taken as buying opportunity targeting 59.00 – 59.20 levels on higher side

* For Intraday session, it has support at 58.60 – 58.40 levels whereas resistance is placed at 59.00 – 59.20 levels

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