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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 81.90 and 81.80 levels

* The EUR/INR futures pair has support at 91.90 levels whereas resistance is placed at 92.40 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 105.80 levels whereas resistance is placed at 106.20 levels. The pair is expected to find support at lower level and trade firm above 106.20 level up to 106.40 and 106.60 levels

* The JPY/INR futures pair has support at 58.50 levels whereas resistance is placed at 58.90 levels. The pair is expected to find support at lower level and trade firm above 58.90 level up to 59.00 and 59.10 levels

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session; and prices are trading below upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 105.80 level should be taken as buying opportunity targeting 106.20 – 106.40 levels on higher side

* For Intraday session, it has support at 105.80 – 105.60 levels whereas resistance is placed at 106.20 – 106.40 levels

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