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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 83.00 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 87.80 levels whereas resistance is placed at 88.30 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 98.80 levels whereas resistance is placed at 99.30 levels. The pair is expected to find support at lower level and trade firm above 99.30 level up to 99.50 and 99.70 levels.

* The JPY/INR futures pair has support at 60.60 levels whereas resistance is placed at 61.00 levels. The pair is expected to find resistance at higher level and trade weak below 60.60 level up to 60.40 and 60.20 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with a negative bias in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 61.00 level should be taken as selling opportunity targeting 60.60 – 60.40 levels on lower side

* For Intraday session, it has support at 60.60 – 60.40 levels whereas resistance is placed at 61.00 – 61.20 levels

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