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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.40 levels whereas resistance is placed at 73.90 levels. The pair is expected to trade weak below 73.40 levels up to 73.20 and 73.05 levels.

The EUR/INR futures pair has support at 86.80 levels whereas resistance is placed at 87.30 levels. The pair is expected to trade range bound until either side level is breached.

The GBP/INR futures pair has support at 101.50 levels whereas resistance is placed at 101.90 levels. The pair is expected to trade weak below 101.50 levels up to 101.30 and 101.15 levels.

The JPY/INR future pair has support at 67.20 levels whereas resistance is placed at 67.50 levels. The pair is expected to trade firm above 67.50 levels up to 67.70 and 67.85 levels.

CHART OF THE DAY GBPINR

(DAILY CHART)

Strategy: Intraday

GBPINR pair traded with negative bias and managed to sustain below upward sloping trend line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 101.90 level should be taken as selling opportunity targeting 101.50 – 101.30 levels on lower side

For Intraday session, it has support at 101.50 – 101.30 levels whereas resistance is placed at 101.90 – 102.10 levels

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