IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 80.70 levels whereas resistance is placed at 81.20 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.20 levels. The pair is expected to find resistance at higher levels and trade weak below 79.80 level up to 79.60 and 79.40 levels.

* The GBP/INR futures pair has support at 91.30 levels whereas resistance is placed at 91.70 levels. The pair is expected to find resistance at higher levels and trade weak below 91.30 level up to 91.10 and 90.90 levels.

* The JPY/INR futures pair has support at 56.50 levels whereas resistance is placed at 57.00 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

* GBPINR pair traded with positive bias but managed to closed below downward slopping resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 91.70 level should be taken as selling opportunity targeting 91.30 – 91.10 levels on lower side

* For Intraday session, it has support at 91.30 – 91.10 levels whereas resistance is placed at 91.70- 91.90 levels

GBPINR (Daily CHART)

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer