IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.20 levels whereas resistance is placed at 74.60 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 87.20 levels whereas resistance is placed at 87.60 levels. The pair is expected to find resistance at higher levels and trade weak below 87.20 level up to 87.00 and 86.80 levels

* The GBP/INR futures pair has support at 102.90 levels whereas resistance is placed at 103.20 levels. The pair is expected to find resistance at higher levels and trade weak below 102.90 level up to 102.70 and 102.55 levels
* The JPY/INR futures pair has support at 67.20 levels whereas resistance is placed at 67.60 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

GBPNR (DAILY 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 103.20 level should be taken as selling opportunity targeting 102.90 – 102.70 levels on lower side

* For Intraday session, it has support at 102.90 – 102.70 levels whereas resistance is placed at 103.20 – 103.40 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer