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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 91.50 levels whereas resistance is placed at 92.00 levels. The pair is expected to find support at lower level and trade firm above 92.00 level up to 92.20 and 92.40 levels 

* The GBP/INR futures pair has support at 107.00 levels whereas resistance is placed at 107.50 levels. The pair is expected to find support at lower level and trade firm above 107.50 level up to 107.70 and 107.90 levels 

* The JPY/INR futures pair has support at 59.30 levels whereas resistance is placed at 59.80 levels. The pair is expected to find support at lower level and trade firm above 59.80 level up to 60.00 and 60.20 levels 

CHART OF THE DAY

GBPINR (DAILY CHART) 

      Strategy: Intraday

* GBPINR pair traded with 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 107.00 level should be taken as buying opportunity targeting 107.50 – 107.70 levels on higher side  

* For Intraday session, it has support at 107.00 – 106.80 levels whereas resistance is placed at 107.50 – 107.70 levels 

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