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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.50 levels whereas resistance is placed at 76.80 levels. The pair is expected to range bound until either side level is breached

The EUR/INR futures pair has support at 83.80 levels whereas resistance is placed at 84.40 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 99.80 levels whereas resistance is placed at 100.20 levels. The pair is expected to find resistance at higher levels and trade weak below 99.80 level up to 99.60 and 99.40 levels

The JPY/INR futures pair has support at 64.90 levels whereas resistance is placed at 65.30 levels. The pair is expected to find resistance at higher levels and trade weak below 64.90 level up to 64.70 and 64.50 levels

CHART OF THE DAY

Strategy: Intraday

JPYINR pair traded with negative bias and managed to closed below downward trending line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 65.30 level should be taken as selling opportunity targeting 64.90 – 64.70 levels on lower side

For Intraday session, it has support at 64.90 –64.70 levels whereas resistance is placed at 65.30 – 65.50 levels

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