INDIAN FOREX REPORT

INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. JPYINR Chart, Levels and Charts Justification. 3. Technical outlook of JPYINR. 4. Near Team Outlook for Yen.

EPIC Research Report

This Report contains all the study and strategy required by trader to trade on INDIAN FOREX MARKET (NSE-FX AND MCX-SX). Refer to the chart attracted in the Report to take proper Trading Decision.
Research Analyst: Nilesh Jain

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FOREX TECHICAL REPORT!!!!

13- SEPTEMBER-2013, FRIDAY

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RBI DAILY REFRENCE RATES

Trade Date 12-Sep-2013 11-Sep-2013 10-Sep-2013 06-Sep-2013 05-Sep-2013 04-Sep-2013 03-Sep-2013 02-Sep-2013 30-Aug-2013 29-Aug-2013 1 USD 63.6673 63.9035 64.2162 65.9600 66.0430 67.0289 66.8875 65.8608 66.5742 67.7060 1 GBP 100.7089 100.4691 100.8259 102.9108 103.1063 104.3171 103.9499 102.5189 103.3431 105.1406 1 EURO 84.7230 84.6510 85.2073 86.5828 86.9940 88.2374 88.0950 87.0575 88.1605 90.0295 100 YEN 64.1000 63.6800 64.2800 66.0900 66.1800 67.1800 67.1800 66.8400 67.8300 69.2200

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JPY/INR DAILY TECHNICAL LEVELS

JPY/INR DAILY CANDLESTICK CHART

S2 63.0183

S1 63.7342

PIVOT 64.2308

R1 64.9467

R2 65.4433

TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed @64.4500. If JPY/INR sustains above the level of 64.90 then it can touch the level of @65.42 and @65.92 respectively.

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NEAR TERM OUTLOOK FOR YEN:

JPY/ INR July futures contract (NSE)

View: Bullish on JPY

Buy above 64.90

Market Lot : JPY 1000

Target: 65.42 / 65.92

Stop Loss: 63.90

Support: S1/ S2: 63.7342 / 63.0183

Resistance: R1/R2: 64.9467 / 65.4433

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