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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 find support at lower level and trade firm above 83.00 level up to 83.20 and 83.40 levels

* The EUR/INR futures pair has support at 89.20 levels whereas resistance is placed at 89.70 levels. The pair is expected to find resistance at higher level and trade weak below 89.20 level up to 89.00 and 88.80 levels

* The GBP/INR futures pair has support at 102.30 levels whereas resistance is placed at 102.80 levels. The pair is expected to find support at lower level and trade firm above 102.80 level up to 103.00 and 103.20 levels

* The JPY/INR futures pair has support at 59.70 levels whereas resistance is placed at 60.20 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 negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 102.30 level should be taken as buying opportunity targeting 102.80 – 103.00 levels on higher side

* For Intraday session, it has support at 102.30 – 102.10 levels whereas resistance is placed at 102.80 – 103.00 levels

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