The pair is likely to trade with negative bias and any pullback near immediate resistance of 62.90 level - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 76.00 levels whereas resistance is placed at 76.40 levels. The pair is expected to trade range bound until either side level is breached.
The EUR/INR futures pair has support at 83.90 levels whereas resistance is placed at 84.20 levels. The pair is expected to find resistance at higher levels and trade weak below 83.90 level up to 83.70 and 83.50 levels.
The GBP/INR futures pair has support at 100.30 levels whereas resistance is placed at 100.90 levels. The pair is expected to trade range bound until either side level is breached.
The JPY/INR futures pair has support at 62.50 levels whereas resistance is placed at 62.90 levels. The pair is expected to find resistance at higher levels and trade weak below 62.50 level up to 62.30 and 62.10 levels.
CHART OF THE DAY
Strategy: Intraday
JPYINR pair traded with negative bias and managed to closed below downward sloping trending line in the last trading session
The pair is likely to trade with negative bias and any pullback near immediate resistance of 62.90 level should be taken as selling opportunity targeting 62.50 – 62.30 levels on lower side
For Intraday session, it has support at 62.50 –62.30 levels whereas resistance is placed at 62.90 – 63.10 levels
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
