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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 86.60 levels whereas resistance is placed at 87.20 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 97.40 levels whereas resistance is placed at 97.90 levels. The pair is expected to find support at lower level and trade firm above 97.90 level up to 98.10 and 98.30 levels.

* The JPY/INR futures pair has support at 60.20 levels whereas resistance is placed at 60.70 levels. The pair is expected to find support at lower level and trade firm above 60.70 level up to 60.90 and 61.10 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with positive bias and any pullback near immediate support of 60.20 level should be taken as buying opportunity targeting 60.70 – 60.90 levels on higher side

* For Intraday session, it has support at 60.20 – 60.00 levels whereas resistance is placed at 60.70 – 60.90 levels

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