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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.50 levels whereas resistance is placed at 74.00 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 86.30 levels whereas resistance is placed at 86.70 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 101.20 levels. The pair is expected to trade firm above 101.20 levels up to 101.40 and 101.55 levels.

The JPY/INR future pair has support at 66.90 levels whereas resistance is placed at 67.30 levels. The pair is expected to trade weak below 66.90 levels up to 66.70 and 66.55 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

JPYINR pair traded with negative bias and managed to sustain below downward sloping trend line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 67.30 level should be taken as selling opportunity targeting 66.90 – 66.70 levels on lower side

For Intraday session, it has support at 66.90 – 66.70 levels whereas resistance is placed at 67.30 – 67.50 levels

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