The USD/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.10 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.10 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 89.90 levels whereas resistance is placed at 90.30 levels. The pair is expected to range bound until either side level is breached
* The GBP/INR futures pair has support at 105.10 levels whereas resistance is placed at 105.30 levels. The pair is expected to find support at lower and trade firm above 105.30 level up to 105.40 and 105.50 levels
* The JPY/INR futures pair has support at 55.30 levels whereas resistance is placed at 55.50 levels. The pair is expected to find support at lower and trade firm above 55.50 level up to 55.60 and 55.70 levels
CHART OF THE DAY
GBPINR (DAILY CHART)
Strategy: Intraday
* GBPINR 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 105.10 level should be taken as buying opportunity targeting 105.30 – 105.40 levels on higher side
* For Intraday session, it has support at 105.00 – 104.90 levels whereas resistance is placed at 105.30 –105.40 levels
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