The JPY/INR futures pair has support at 59.70 levels whereas resistance is placed at 60.00 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 76.50 levels whereas resistance is placed at 76.90 levels. The pair is expected to trade range bound until either side level is breached.
The EUR/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.70 levels. The pair is expected to trade range bound until either side level is breached.
The GBP/INR futures pair has support at 97.50 levels whereas resistance is placed at 98.00 levels. The pair is expected to trade range bound until either side level is breached.
The JPY/INR futures pair has support at 59.70 levels whereas resistance is placed at 60.00 levels. The pair is expected to find support at lower levels and trade firm above 60.00 level up to 60.20 and 60.40 levels.
CHART OF THE DAY
Strategy: Intraday
JPYINR pair traded with positive bias and managed to closed above downward sloping trending line in the last trading session
The pair is likely to trade with positive bias and any pullback near immediate support of 59.70 level should be taken as buying opportunity targeting 60.00 – 60.20 levels on higher side
For Intraday session, it has support at 59.70 –59.50 levels whereas resistance is placed at 60.00 – 60.20 levels
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