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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.30 levels whereas resistance is placed at 76.70 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 find resistance at higher levels and trade weak below 84.40 level up to 84.20 and 84.00 levels

The GBP/INR futures pair has support at 100.60 levels whereas resistance is placed at 101.00 levels. The pair is expected to find resistance at higher levels and trade weak below 100.60 level up to 100.40 and 100.20 levels

The JPY/INR futures pair has support at 65.80 levels whereas resistance is placed at 66.20 levels. The pair is expected to find resistance at higher levels and trade weak below 65.80 level up to 65.60 and 65.40 levels

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 101.00 level should be taken as selling opportunity targeting 100.60 – 100.40 levels on lower side

For Intraday session, it has support at 100.60 –100.40 levels whereas resistance is placed at 101.00 – 101.20 levels

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