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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.70 levels whereas resistance is placed at 82.20 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 90.20 levels whereas resistance is placed at 90.80 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 101.90 levels whereas resistance is placed at 102.30 levels. The pair is expected to find support at lower level and trade firm above 102.30 level up to 102.50 and 102.70 levels.

* The JPY/INR futures pair has support at 61.40 levels whereas resistance is placed at 61.90 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a mild positive bias in the last trading session; and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 101.90 level should be taken as buying opportunity targeting 102.30 – 102.50 levels on higher side

* For Intraday session, it has support at 101.90 – 101.70 levels whereas resistance is placed at 102.30 – 102.50 levels

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