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……!!!! 22- OCTOBER-2013, TUESDAY
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RBI DAILY REFRENCE RATES Trade Date
1 USD
1 GBP
1 EURO
100 YEN
21-Oct-2013
61.4885
99.4085
84.1215
62.6600
18-Oct-2013
61.2760
99.0281
83.8010
62.5200
17-Oct-2013
61.5810
98.5111
83.4935
62.5100
15-Oct-2013
61.6929
98.5914
83.6735
62.6600
14-Oct-2013
61.3036
97.9877
83.1487
62.4000
11-Oct-2013
61.1570
97.7656
82.7795
62.1500
10-Oct-2013
62.1383
99.0236
83.8725
63.5800
09-Oct-2013
61.9170
99.4511
83.9247
63.5400
08-Oct-2013
61.6885
99.2013
83.6875
63.5000
07-Oct-2013
61.7760
99.0640
83.8360
63.6200
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JPY/INR DAILY TECHNICAL LEVELS JPY/INR FOUR HOURLY CANDLESTICK CHART
S2 – 62.4558
S1 – 62.6167
PIVOT – 62.7983
R1 – 62.9592
R2 – 63.1408
TECHNICAL OUTLOOK: JPY/INR (NSE/MCX-SX) has closed @62.7775. If JPY/INR breaks the level of @62.70 then it can touch the level of @62.55 and @62.41 respectively.
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NEAR TERM OUTLOOK FOR YEN:
JPY / INR July futures contract (NSE)
View: Bearish on JPY
Sell below 62.70
Market Lot : JPY 1000
Target : 62.55 / 62.41
Stop Loss : 63.25
Support: S1/ S2 : 62.6167 / 62.4558
Resistance : R1/R2: 62.9592 / 63.1408
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