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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.60 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 89.00 levels whereas resistance is placed at 89.40 levels. The pair is expected to find support at lower level and trade firm above 89.40 level up to 89.60 and 89.80 levels.

* The GBP/INR futures pair has support at 101.10 levels whereas resistance is placed at 101.50 levels. The pair is expected to find support at lower level and trade firm above 101.50 level up to 101.70 and 101.90 levels.

* The JPY/INR futures pair has support at 62.90 levels whereas resistance is placed at 63.30 levels. The pair is expected to find resistance at higher level and trade weak below 62.90 level up to 62.70 and 62.50 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a 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 101.10 level should be taken as buying opportunity targeting 101.50 – 101.70 levels on higher side

* For Intraday session, it has support at 101.10 – 100.90 levels whereas resistance is placed at 101.50 – 101.70 levels

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