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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.60 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.00 levels whereas resistance is placed at 80.50 levels. The pair is expected to find support at lower levels and trade firm above 80.50 level up to 80.70 and 80.90 levels.

* The GBP/INR futures pair has support at 92.30 levels whereas resistance is placed at 92.80 levels. The pair is expected to find support at lower levels and trade firm above 92.80 level up to 93.00 and 93.20 levels.

* The JPY/INR futures pair has support at 55.70 levels whereas resistance is placed at 56.30 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

* GBPINR pair traded with positive bias and managed to closed above upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 92.30 level should be taken as buying opportunity targeting 92.80 – 93.00 levels on higher side

* For Intraday session, it has support at 92.30 – 92.10 levels whereas resistance is placed at 92.80 – 93.00 levels

CHART OF THE DAY

GBPINR (DAILY CHART)

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