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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.20 levels whereas resistance is placed at 75.50 levels. The pair is expected to trade firm above 75.50 levels up to 75.70 and 75.85 levels.

The EUR/INR futures pair has support at 87.30 levels whereas resistance is placed at 87.70 levels. The pair is expected to trade range bound until either side level is breached.

The GBP/INR futures pair has support at 103.00 levels whereas resistance is placed at 103.50 levels. The pair is expected to trade firm above 103.50 levels up to 103.70 and 103.85 levels.

The JPY/INR future pair has support at 66.40 levels whereas resistance is placed at 66.70 levels. The pair is expected to trade weak below 66.40 levels up to 66.20 and 66.05 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

JPYINR pair traded with negative bias and managed to sustain below upward sloping trend line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 66.70 level should be taken as selling opportunity targeting 66.20 – 66.05 levels on higher side

For Intraday session, it has support at 66.20 – 66.05 levels whereas resistance is placed at 66.70 – 66.85 levels

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