IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.70 levels whereas resistance is placed at 83.10 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 87.50 levels whereas resistance is placed at 87.90 levels. The pair is expected to find support at higher level and trade firm above 82.90 level up to 83.10 and 83.30 levels.

* The GBP/INR futures pair has support at 99.20 levels whereas resistance is placed at 99.60 levels. The pair is expected to find support at higher level and trade firm above 99.60 level up to 99.80 and 100.00 levels.

* The JPY/INR futures pair has support at 60.90 levels whereas resistance is placed at 61.40 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR 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 positive bias and any pullback near immediate support of 99.20 level should be taken as buying opportunity targeting 99.60 – 99.80 levels on higher side

* For Intraday session, it has support at 99.20 – 99.00 levels whereas resistance is placed at 99.60 – 99.80 levels

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer