Daily forex report by epic research 3 jan 2014

FOREX TECHNICAL REPORT……!!!!

03- JANUARY-2014, FRIDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES

Trade Date

1 USD

1 GBP

1 EURO

100 YEN

02-Jan-2014

61.9020

102.7418

85.1556

58.7900

01-Jan-2014

61.9335

102.3885

85.1235

58.8300

31-Dec-2013

61.8970

102.0094

85.3635

58.9700

30-Dec-2013

62.0028

102.1682

85.1855

58.8600

27-Dec-2013

62.0595

102.0320

85.2748

59.2300

26-Dec-2013

61.9755

101.4911

84.7925

59.1500

24-Dec-2013

61.8668

101.1027

84.6510

59.3700

23-Dec-2013

61.9915

101.3747

84.8180

59.5800

20-Dec-2013

62.2420

101.8092

84.8774

59.5900

19-Dec-2013

62.3800

102.1535

85.2945

59.9800

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

S2 – 58.7217

S1 – 59.0608

PIVOT – 59.2867

R1 – 59.6258

R2 – 59.8517

TECHNICAL OUTLOOK: JPY/INR (NSE/MCX-SX) has closed @59.4000. If JPY/INR sustain above the level of @59.60 then it can touch the level of @59.74 and @59.93 respectively.

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NEAR TERM OUTLOOK FOR YEN:

JPY / INR Jan. futures contract (NSE)

View : Bullish on JPY

Buy above 59.60

Market Lot : JPY 1000

Target : 59.74 / 59.93

Stop Loss : 59.25

Support: S1/ S2 : 59.0608 / 58.7217

Resistance : R1/R2 : 59.6258 / 59.8517

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