IGI Logo

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 90.00 levels whereas resistance is placed at 90.50 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 103.40 levels whereas resistance is placed at 103.70 levels. The pair is expected to find support at lower level and trade firm above 103.70 level up to 103.90 and 104.10 levels.

* The JPY/INR futures pair has support at 61.00 levels whereas resistance is placed at 61.40 levels. The pair is expected to find resistance at higher level and trade weak below 61.00 level up to 60.80 and 60.60 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 61.40 level should be taken as selling opportunity targeting 61.00 – 60.80 levels on lower side

* For Intraday session, it has support at 61.00 – 60.80 levels whereas resistance is placed at 61.40 – 61.60 levels

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer