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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.40 levels whereas resistance is placed at 81.90 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.70 levels whereas resistance is placed at 89.30 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 100.80 levels whereas resistance is placed at 101.30 levels. The pair is expected to find support at lower level and trade firm above 101.30 level up to 101.50 and 101.70 levels.

* The JPY/INR futures pair has support at 63.00 levels whereas resistance is placed at 63.50 levels. The pair is expected to find resistance at higher level and trade weak below 63.00 level up to 62.80 and 62.60 levels

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with positive bias in the last trading session; and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 100.80 level should be taken as buying opportunity targeting 101.30 – 101.50 levels on higher side

* For Intraday session, it has support at 100.80 – 100.60 levels whereas resistance is placed at 101.30 – 101.50 levels

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