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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.30 levels whereas resistance is placed at 79.70 levels. The pair is expected to find support at lower levels and trade firm above 79.70 level up to 79.90 and 80.10 levels.

* The EUR/INR futures pair has support at 79.50 levels whereas resistance is placed at 79.90 levels. The pair is expected to find resistance at higher levels and trade weak below 79.50 level up to 79.30 and 79.10 levels.

* The GBP/INR futures pair has support at 91.80 levels whereas resistance is placed at 92.30 levels. The pair is expected to find resistance at higher levels and trade weak below 91.80 level up to 91.60 and 91.40 levels.

* The JPY/INR futures pair has support at 55.50 levels whereas resistance is placed at 56.00 levels. The pair is expected to trade range bound until either side level is breached

Strategy: Intraday

* GBPINR pair traded with negative bias and 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 92.30 level should be taken as selling opportunity targeting 91.80 – 91.60 levels on lower side

* For Intraday session, it has support at 91.80 – 91.60 levels whereas resistance is placed at 92.30- 92.50 levels

GBPINR (Daily CHART)

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