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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 80.90 levels whereas resistance is placed at 81.20 levels. The pair is expected to find support at lower levels and trade firm above 81.20 level up to 81.40 and 81.60 levels.

* The EUR/INR futures pair has support at 79.00 levels whereas resistance is placed at 79.50 levels. The pair is expected to find resistance at higher levels and trade weak below 79.00 level up to 78.80 and 78.60 levels.

* The GBP/INR futures pair has support at 89.50 levels whereas resistance is placed at 90.00 levels. The pair is expected to find resistance at higher levels and trade weak below 89.50 level up to 89.30 and 89.10 levels.

* The JPY/INR futures pair has support at 56.50 levels whereas resistance is placed at 57.00 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed below downward slopping resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 90.00 level should be taken as selling opportunity targeting 89.50 – 89.30 levels on lower side

* For Intraday session, it has support at 89.50 – 89.30 levels whereas resistance is placed at 90.00- 90.20 levels

GBPINR (Daily CHART)

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