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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.00 levels whereas resistance is placed at 74.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 84.90 levels whereas resistance is placed at 85.20 levels. The pair is expected to find resistance at higher levels and trade weak below 84.90 level up to 84.70 and 84.50 levels

* The GBP/INR futures pair has support at 101.60 levels whereas resistance is placed at 102.00 levels. The pair is expected to find resistance at higher levels and trade weak below 101.60 level up to 101.40 and 101.20 levels

* The JPY/INR futures pair has support at 65.00 levels whereas resistance is placed at 65.40 levels. The pair is expected to find resistance at higher levels and trade weak below 65.00 level up to 64.80 and 64.60 levels

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with positive bias but faced 61.8% Fibonacci resistance level in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 65.40 level should be taken as selling opportunity targeting 65.00 – 64.80 levels on lower side

* For Intraday session, it has support at 65.00 – 64.80 levels whereas resistance is placed at 65.40 – 65.60 levels

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