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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.30 levels whereas resistance is placed at 82.90 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 88.30 levels whereas resistance is placed at 88.80 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 102.70 levels whereas resistance is placed at 103.20 levels. The pair is expected to find resistance at higher level and trade weak below 102.70 level up to 102.50 and 102.30 levels

* The JPY/INR futures pair has support at 59.40 levels whereas resistance is placed at 59.80 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

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR 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 103.20 level should be taken as selling opportunity targeting 102.70 – 102.50 levels on lower side

* For Intraday session, it has support at 102.70 – 102.50 levels whereas resistance is placed at 103.20 – 103.40 levels

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