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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 83.50 levels whereas resistance is placed at 83.80 levels. The pair is expected to find support at lower and trade firm above 83.80 level up to 83.90 and 84.00 levels

* The EUR/INR futures pair has support at 90.50 levels whereas resistance is placed at 90.80 levels. The pair is expected to find support at lower and trade firm above 90.80 level up to 90.90 and 91.00 levels

* The GBP/INR futures pair has support at 105.10 levels whereas resistance is placed at 105.50 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 55.50 levels whereas resistance is placed at 55.80 levels. The pair is expected to find resistance at higher and trade weak below 55.50 level up to 55.40 and 55.30 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with positive bias in the last trading session; but prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 55.80 level should be taken as selling opportunity targeting 55.50 – 55.40 levels on lower side

* For Intraday session, it has support at 55.50 – 55.40 levels whereas resistance is placed at 55.80 –55.90 levels

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