The USD/INR futures pair has support at 79.60 levels whereas resistance is placed at 80.00 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 79.60 levels whereas resistance is placed at 80.00 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 79.50 levels whereas resistance is placed at 79.90 levels. The pair is expected to find support at lower levels and trade firm above 79.90 level up to 80.10 and 80.30 levels.
* The GBP/INR futures pair has support at 91.80 levels whereas resistance is placed at 92.30 levels. The pair is expected to trade range bound until either side level is breached.
* The JPY/INR futures pair has support at 55.60 levels whereas resistance is placed at 56.00 levels. The pair is expected to find support at lower levels and trade firm above 56.00 level up to 56.20 and 56.40 levels
Strategy: Intraday
* JPYINR pair traded with mild 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 55.60 level should be taken as buying opportunity targeting 56.00 – 56.20 levels on higher side
* For Intraday session, it has support at 55.60 – 55.40 levels whereas resistance is placed at 56.00- 56.20 levels
JPYINR (Daily CHART)
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