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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.30 levels. The pair is expected to find resistance at higher level and trade weak below 82.00 level up to 81.80 and 81.70 levels

* The EUR/INR futures pair has support at 88.80 levels whereas resistance is placed at 89.30 levels. The pair is expected to find support at lower level and trade firm above 89.30 level up to 89.50 and 89.70 levels

* The GBP/INR futures pair has support at 103.80 levels whereas resistance is placed at 104.30 levels. The pair is expected to find support at lower level and trade firm above 104.30 level up to 104.50 and 104.70 levels

* The JPY/INR futures pair has support at 58.30 levels whereas resistance is placed at 58.70 levels. The pair is expected to find support at lower level and trade firm above 58.70 level up to 58.90 and 59.10 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 uptrend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 103.80 level should be taken as buying opportunity targeting 104.30 – 104.50 levels on higher side

* For Intraday session, it has support at 103.80 – 103.60 levels whereas resistance is placed at 104.30 – 104.50 levels

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