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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.80 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 88.60 levels whereas resistance is placed at 89.00 levels. The pair is expected to find resistance at higher level and trade weak below 88.60 level up to 88.40 and 88.20 levels

* The GBP/INR futures pair has support at 103.00 levels whereas resistance is placed at 103.50 levels. The pair is expected to find resistance at higher level and trade weak below 103.00 level up to 102.80 and 102.60 levels

* The JPY/INR futures pair has support at 59.40 levels whereas resistance is placed at 59.90 levels. The pair is expected to find resistance at higher level and trade weak below 59.40 level up to 59.20 and 59.00 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 59.40 level should be taken as selling opportunity targeting 59.20 – 59.00 levels on lower side

* For Intraday session, it has support at 59.40 – 59.20 levels whereas resistance is placed at 59.90 – 60.10 levels

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