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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.40 levels whereas resistance is placed at 79.80 levels. The pair is expected to find resistance at higher levels and trade weak below 79.40 level up to 79.20 and 79.00 levels.

* The EUR/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 96.20 levels whereas resistance is placed at 96.60 levels. The pair is expected to find support at lower levels and trade firm above 96.60 level up to 96.80 and 97.00 levels.

* The JPY/INR futures pair has support at 58.90 levels whereas resistance is placed at 59.20 levels. The pair is expected to find support at lower levels and trade firm above 59.20 level up to 59.40 and 59.60 levels.

Strategy: Intraday

* GBPINR pair traded with negative bias but managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 96.20 level should be taken as buying opportunity targeting 96.60 – 96.80 levels on higher side

* For Intraday session, it has support at 96.20 – 96.00 levels whereas resistance is placed at 96.80- 97.00 levels

GBPINR (DAILY CHART

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