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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 83.10 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 81.10 levels whereas resistance is placed at 81.60 levels. The pair is expected to find resistance at higher levels and trade weak below 81.10 level up to 80.90 and 80.70 levels.

* The GBP/INR futures pair has support at 92.70 levels whereas resistance is placed at 93.20 levels. The pair is expected to find resistance at higher levels and trade weak below 92.70 level up to 92.50 and 92.30 levels.

* The JPY/INR futures pair has support at 55.20 levels whereas resistance is placed at 55.60 levels. The pair is expected to find resistance at higher levels and trade weak below 55.20 level up to 55.00 and 54.80 levels.

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed below upward slopping resistance trend line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 93.20 level should be taken as selling opportunity targeting 92.70 – 92.50 levels on lower side

* For Intraday session, it has support at 92.70 – 92.50 levels whereas resistance is placed at 93.20 – 93.40 levels

GBPINR (Daily CHART)

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