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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.50 levels whereas resistance is placed at 80.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.70 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 97.00 levels whereas resistance is placed at 97.50 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 60.00 levels whereas resistance is placed at 60.40 levels. The pair is expected to find resistance at higher levels and trade weak below 60.00 level up to 59.80 and 59.60 levels.

Strategy: Intraday

* JPYINR pair traded with positive bias but managed to closed below downward slopping resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 60.40 level should be taken as selling opportunity targeting 60.00 – 59.80 levels on lower side

* For Intraday session, it has support at 60.00 – 59.80 levels whereas resistance is placed at 60.40- 60.60 levels

JPYINR (DAILY CHART)

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