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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 91.30 and 91.40 levels

* The GBP/INR futures pair has support at 103.70 levels whereas resistance is placed at 104.10 levels. The pair is expected to find support at lower level and trade firm above 104.10 level up to 104.20 and 104.30 levels

* The JPY/INR futures pair has support at 56.10 levels whereas resistance is placed at 56.50 levels. The pair is expected to find support at lower level and trade firm above 56.50 level up to 56.60 and 56.70 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 103.70 level should be taken as buying opportunity targeting 104.10 – 104.20 levels on higher side

* For Intraday session, it has support at 103.70 – 103.60 levels whereas resistance is placed at 104.10 – 104.20 levels

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