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CURRENCY TECHNICAL OUTLOOK 

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.50 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 90.70 levels whereas resistance is placed at 91.10 levels. The pair is expected to find resistance at higher level and trade weak below 90.70 level up to 90.50 and 90.30 levels

* The GBP/INR futures pair has support at 105.70 levels whereas resistance is placed at 106.10 levels. The pair is expected to find resistance at higher level and trade weak below 105.70 level up to 105.50 and 105.30 levels

* The JPY/INR futures pair has support at 58.00 levels whereas resistance is placed at 58.40 levels. The pair is expected to find resistance at higher level and trade weak below 58.00 level up to 57.80 and 57.60 levels

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with positive bias in the last trading session; but prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 106.10 level should be taken as selling opportunity targeting 105.70 – 105.50 levels on lower side

* For Intraday session, it has support at 105.70 – 105.50 levels whereas resistance is placed at 106.10 – 106.30 levels

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