Daily forex report 21 feb 2014byepicresearch

FOREX TECHNICAL REPORT……!!!!

21- FEBRUARY-2014, FRIDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

20-Feb-2014

62.2843

103.8404

85.6995

61.1700

18-Feb-2014

62.1220

103.9301

85.1680

60.5100

17-Feb-2014

61.9495

104.0194

84.9485

60.9700

14-Feb-2014

62.2770

103.6663

85.1755

61.2200

13-Feb-2014

62.2725

103.4658

84.8710

61.0200

12-Feb-2014

62.1250

102.2515

84.7215

60.6000

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

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GBP/INR DAILY TECHNICAL LEVELS GBP/INR DAILY CANDLESTICK CHART

S2 – 103.1708

S1 – 103.4117

PIVOT – 103.8008

R1 – 104.0417

R2 – 104.4308

TECHNICAL OUTLOOK: GBP/INR (NSE/MCX-SX) has closed @ 103.6525. If GBP/INR breaks the level of @ 103.54 then it can touch the level of @ 103.40 and @ 103.25 respectively.

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NEAR TERM OUTLOOK FOR POUND:

GBP / INR Feb. futures contract (NSE)

Sell

below

View : Bearish on GBP

103.54

Market Lot :

Target : 103.40 / 103.25

Support: S1/ S2 : 85.1392 / 84.7883

Stop Loss :

GBP 1000

103.85

Resistance : R1/R2 : 85.6817 / 85.8733

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