The JPY/INR futures pair has support at 58.90 levels whereas resistance is placed at 59.30 levels - Monarch networth capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 83.10 levels whereas resistance is placed at 83.50 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 90.80 levels whereas resistance is placed at 91.20 levels. The pair is expected to find support at lower level and trade firm above 91.20 level up to 91.40 and 91.60 levels
* The GBP/INR futures pair has support at 105.40 levels whereas resistance is placed at 105.80 levels. The pair is expected to find support at lower level and trade firm above 105.80 level up to 106.00 and 106.20 levels
* The JPY/INR futures pair has support at 58.90 levels whereas resistance is placed at 59.30 levels The pair is expected to find support at lower level and trade firm above 59.30 level up to 59.40 and 59.50 levels
CHART OF THE DAY
JPYINR (DAILY CHART)
Strategy: Intraday
* JPYINR pair traded with positive bias in the last trading session; and prices are trading above upward trend line.
* The pair is likely to trade with positive bias and any pullback near immediate support of 58.90 level should be taken as buying opportunity targeting 59.30 – 59.40 levels on higher side
* For Intraday session, it has support at 58.90 – 58.80 levels whereas resistance is placed at 59.30 – 59.40 levels
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