IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.90 levels whereas resistance is placed at 83.20 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 90.50 levels whereas resistance is placed at 90.90 levels. The pair is expected to find resistance at higher level and trade weak below 90.50 level up to 90.40 and 90.30 levels

* The GBP/INR futures pair has support at 104.90 levels whereas resistance is placed at 105.30 levels. The pair is expected to find resistance at higher level and trade weak below 104.90 level up to 104.80 and 104.90 levels

* The JPY/INR futures pair has support at 58.20 levels whereas resistance is placed at 58.60 levels The pair is expected to range bound until either side level is breached

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 105.30 level should be taken as selling opportunity targeting 104.90 – 104.80 levels on lower side

* For Intraday session, it has support at 104.90 – 104.80 levels whereas resistance is placed at 105.30 – 105.40 levels

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

SEBI Registration Number : INZ000043833