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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.10 levels whereas resistance is placed at 74.40 levels. The pair is expected to find support at lower levels and trade firm above 74.40 level up to 74.60 and 74.75 levels

* The EUR/INR futures pair has support at 87.60 levels whereas resistance is placed at 88.00 levels. The pair is expected to find resistance at higher levels and trade weak below 87.60 level up to 87.40 and 87.25 levels

* The GBP/INR futures pair has support at 103.10 levels whereas resistance is placed at 103.60 levels. The pair is expected to find resistance at higher levels and trade weak below 103.10 level up to 102.90 and 102.75 levels

* The JPY/INR futures pair has support at 67.60 levels whereas resistance is placed at 68.00 levels. The pair is expected to find resistance at higher levels and trade weak below 67.60 level up to 67.40 and 67.25 levels

CHART OF THE DAY

GBPINR (2 HOURLY CHART)

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 103.60 level should be taken as selling opportunity targeting 103.10 – 102.90 levels on lower side

* For Intraday session, it has support at 103.10 – 102.90 levels whereas resistance is placed at 103.60 – 103.80 levels

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