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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.80 levels whereas resistance is placed at 75.20 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 84.20 levels whereas resistance is placed at 84.60 levels. The pair is expected to find support at lower levels and trade firm above 84.60 level up to 84.80 and 85.00 levels

* The GBP/INR futures pair has support at 101.00 levels whereas resistance is placed at 101.50 levels. The pair is expected to find support at lower levels and trade firm above 101.50 level up to 101.70 and 101.90 levels

* The JPY/INR futures pair has support at 65.10 levels whereas resistance is placed at 65.50 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with positive bias and any pullback near immediate support of 101.00 level should be taken as buying opportunity targeting 101.50 – 101.70 levels on higher side

* For Intraday session, it has support at 101.00 – 100.80 levels whereas resistance is placed at 101.50 – 101.70 levels

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