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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.30 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 88.70 levels whereas resistance is placed at 89.20 levels. The pair is expected to find resistance at higher level and trade weak below 88.70 level up to 88.50 and 88.30 levels

* The GBP/INR futures pair has support at 103.40 levels whereas resistance is placed at 103.80 levels. The pair is expected to find support at lower level and trade firm above 103.80 level up to 104.00 and 104.10 levels

* The JPY/INR futures pair has support at 59.20 levels whereas resistance is placed at 59.70 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday???????

* GBPINR pair traded with positive bias in the last trading session; and prices are trading above uptrend trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 103.40 level should be taken as buying opportunity targeting 103.80 – 104.00 levels on higher side

* For Intraday session, it has support at 103.40 – 103.20 levels whereas resistance is placed at 103.80 – 104.00 levels

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