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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 trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.20 levels whereas resistance is placed at 88.70 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.30 levels whereas resistance is placed at 99.80 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 61.60 levels whereas resistance is placed at 62.10 levels. The pair is expected to find resistance at higher level and trade weak below 61.60 level up to 61.40 and 61.20 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 62.10 level should be taken as selling opportunity targeting 61.60 – 61.40 levels on lower side

* For Intraday session, it has support at 61.60 – 61.40 levels whereas resistance is placed at 62.10 – 62.30 levels

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