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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 82.40 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.60 levels whereas resistance is placed at 89.00 levels. The pair is expected to find support at lower level and trade firm above 89.00 level up to 89.20 and 89.40 levels.

* The GBP/INR futures pair has support at 100.80 levels whereas resistance is placed at 101.20 levels. The pair is expected to find resistance at higher level and trade weak below 100.80 level up to 100.60 and 100.40 levels

* The JPY/INR futures pair has support at 62.90 levels whereas resistance is placed at 63.40 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY 

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session; and prices are trading below horizontal resistance trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 101.20 level should be taken as selling opportunity targeting 100.80 – 100.60 levels on lower side

* For Intraday session, it has support at 100.80 – 100.60 levels whereas resistance is placed at 101.20 – 101.40 levels

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