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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 87.60 levels whereas resistance is placed at 88.20 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 98.80 levels whereas resistance is placed at 99.40 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 61.60 levels whereas resistance is placed at 62.00 levels. The pair is expected to find support at lower level and trade firm above 62.00 level up to 62.20 and 62.40 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with negative bias in the last trading session; but prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 61.60 level should be taken as buying opportunity targeting 62.00 – 62.20 levels on higher side

* For Intraday session, it has support at 61.60 – 61.40 levels whereas resistance is placed at 62.00 – 62.20 levels

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