The GBP/INR futures pair has support at 96.50 levels whereas resistance is placed at 97.20 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 79.10 levels whereas resistance is placed at 79.60 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 80.90 levels whereas resistance is placed at 81.30 levels. The pair is expected to trade range bound until either side level is breached.
* The GBP/INR futures pair has support at 96.50 levels whereas resistance is placed at 97.20 levels. The pair is expected to trade range bound until either side level is breached.
* The JPY/INR futures pair has support at 59.50 levels whereas resistance is placed at 59.90 levels. The pair is expected to find resistance at higher levels and trade weak below 59.50 level up to 59.30 and 59.10 levels.
Strategy: Intraday
* JPYINR pair traded with negative bias and managed to closed below upward slopping support line in the last trading session
* The pair is likely to trade with negative bias and any pullback near immediate resistance of 59.90 level should be taken as selling opportunity targeting 59.50 – 59.30 levels on lower side
* For Intraday session, it has support at 59.50 – 59.30 levels whereas resistance is placed at 59.90- 60.10 levels
JPYINR (DAILY CHART)
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