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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 find resistance at higher levels and trade weak below 74.20 level up to 74.00 and 73.85 levels

* The EUR/INR futures pair has support at 86.90 levels whereas resistance is placed at 87.40 levels. The pair is expected to range bound until either side level is breached

*  The GBP/INR futures pair has support at 102.00 levels whereas resistance is placed at 102.40 levels. The pair is expected to find resistance at higher levels and trade weak below 102.00 level up to 101.80 and 101.65 levels

* The JPY/INR futures pair has support at 67.50 levels whereas resistance is placed at 68.00 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

JPYINR (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 102.40 level should be taken as selling opportunity targeting 102.00 – 101.80 levels on lower side

* For Intraday session, it has support at 102.00 – 101.80 levels whereas resistance is placed at 102.40 – 102.60 levels

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