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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.40 levels whereas resistance is placed at 74.70 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 84.40 levels whereas resistance is placed at 84.80 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 101.40 levels whereas resistance is placed at 101.80 levels. The pair is expected to find resistance at higher levels and trade weak below 101.30 level up to 101.10 and 100.90 levels

* The JPY/INR futures pair has support at 64.90 levels whereas resistance is placed at 65.30 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed below downward trending line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 101.80 level should be taken as selling opportunity targeting 101.30 – 101.10 levels on lower side

* For Intraday session, it has support at 101.30 – 101.10 levels whereas resistance is placed at 101.80 – 102.00 levels

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