Daily forex report 12 feb 2014by epicresearch

FOREX TECHNICAL REPORT……!!!!

12- FEBRUARY-2014, WEDNESDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

11-Feb-2014

62.4390

102.4811

85.2813

61.0100

10-Feb-2014

62.1930

102.1396

84.7418

60.7400

07-Feb-2014

62.3155

101.7768

84.6830

61.0100

06-Feb-2014

62.5045

101.9198

84.4994

61.5900

05-Feb-2014

62.4525

102.0099

84.3548

61.5800

04-Feb-2014

62.6815

101.9765

84.7805

62.1200

03-Feb-2014

62.6891

102.9668

84.5780

61.4100

31-Jan-2014

62.4768

102.9493

84.6022

60.9600

30-Jan-2014

62.7335

103.8679

85.6075

61.2200

29-Jan-2014

62.2005

103.1160

84.9640

60.2200

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JPY/INR DAILY TECHNICAL LEVELS JPY/INR DAILY CANDLESTICK CHART

S2 – 60.4350

S1 – 60.6950

PIVOT – 61.1725

R1 – 61.4325

R2 – 61.9100

TECHNICAL OUTLOOK: JPY/INR (NSE/MCX-SX) has closed @ 60.9550. If JPY/INR breaks the level of @ 60.83 then it can touch the level of @ 60.70 and @ 60.57 respectively.

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NEAR TERM OUTLOOK FOR YEN:

JPY / INR Feb. futures contract (NSE)

Sell

below

View : Bearish on JPY

60.83

Market Lot : JPY 1000

Target : 60.70 / 60.57

Stop Loss : 61.12

Support: S1/ S2 : 60.6950 / 60.4350

Resistance : R1/R2 : 61.4325 / 61.9100

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