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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.20 levels whereas resistance is placed at 79.60 levels. The pair is expected to find resistance at higher levels and trade weak below 79.20 level up to 79.00 and 78.80 levels.

* The EUR/INR futures pair has support at 81.20 levels whereas resistance is placed at 81.60 levels. The pair is expected to find support at lower levels and trade firm above 81.60 level up to 81.80 and 82.00 levels.

* The GBP/INR futures pair has support at 96.80 levels whereas resistance is placed at 97.20 levels. The pair is expected to find support at lower levels and trade firm above 97.20 level up to 97.40 and 97.60 levels.

* The JPY/INR futures pair has support at 59.80 levels whereas resistance is placed at 60.20 levels. The pair is expected to find support at lower levels and trade firm above 60.20 level up to 60.40 and 60.60 levels.

Strategy: Intraday

* JPYINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 59.80 level should be taken as buying opportunity targeting 60.20 – 60.40 levels on higher side

* For Intraday session, it has support at 59.80 – 59.60 levels whereas resistance is placed at 60.20- 60.40 levels

JPYINR (DAILY CHART)

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