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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.40 levels. The pair is expected to find support at lower level and trade firm above 82.40 level up to 82.60 and 82.80 levels.

* The EUR/INR futures pair has support at 89.10 levels whereas resistance is placed at 89.70 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 100.90 levels whereas resistance is placed at 101.50 levels. The pair is expected to find resistance at higher level and trade weak below 100.90 level up to 100.70 and 100.50 levels.

* The JPY/INR futures pair has support at 62.40 levels whereas resistance is placed at 62.80 levels. The pair is expected to find support at lower level and trade firm above 62.80 level up to 63.00 and 63.20 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with a mild 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 62.40 level should be taken as buying opportunity targeting 62.80 – 63.00 levels on higher side

* For Intraday session, it has support at 62.40 – 62.20 levels whereas resistance is placed at 62.80 – 63.00 levels

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