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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.90 levels whereas resistance is placed at 83.30 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 90.20 levels whereas resistance is placed at 90.60 levels. The pair is expected to find support at lower level and trade firm above 90.60 level up to 90.70 and 90.80 levels

* The GBP/INR futures pair has support at 105.40 levels whereas resistance is placed at 105.80 levels. The pair is expected to find support at lower level and trade firm above 105.80 level up to 105.90 and 106.00 levels

* The JPY/INR futures pair has support at 57.10 levels whereas resistance is placed at 57.50 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 negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 105.40 level should be taken as buying opportunity targeting 105.80 –105.90 levels on higher side

* For Intraday session, it has support at 105.40 – 105.30 levels whereas resistance is placed at 105.80 – 105.90 levels

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