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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.20 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 79.30 levels whereas resistance is placed at 79.80 levels. The pair is expected to find support at lower levels and trade firm above 79.80 level up to 80.00 and 80.20 levels.

* The GBP/INR futures pair has support at 91.80 levels whereas resistance is placed at 92.20 levels. The pair is expected to find support at lower levels and trade firm above 92.20 level up to 92.40 and 92.60 levels.

*  The JPY/INR futures pair has support at 56.80 levels whereas resistance is placed at 57.20 levels. The pair is expected to find support at lower levels and trade firm above 57.20 level up to 57.40 and 57.60 levels.

Strategy: Intraday

* GBPINR pair traded with negative bias but managed to closed above horizontal support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 91.80 level should be taken as buying opportunity targeting 92.20 – 92.40 levels on higher side

*  For Intraday session, it has support at 91.80 – 91.60 levels whereas resistance is placed at 92.20- 92.40 levels

GBPINR (Daily CHART)

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