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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 88.60 levels. The pair is expected to find support at lower levels and trade firm above 88.60 level up to 88.80 and 89.00 levels.

* The GBP/INR futures pair has support at 99.50 levels whereas resistance is placed at 99.90 levels. The pair is expected to find support at lower levels and trade firm above 99.90 level up to 100.10 and 100.30 levels.

* The JPY/INR futures pair has support at 62.20 levels whereas resistance is placed at 62.90 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed above upward slopping line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 99.50 level should be taken as buying opportunity targeting 99.90 – 100.10 levels on higher side

* For Intraday session, it has support at 99.50 – 99.30 levels whereas resistance is placed at 99.90 – 100.10 levels

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