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!!!!

20- AUGUST-2013, TUESDAY

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RBI DAILY REFRENCE RATES

Trade Date 19-Aug-2013 16-Aug-2013 14-Aug-2013 13-Aug-2013 12-Aug-2013 08-Aug-2013 07-Aug-2013 06-Aug-2013 05-Aug-2013 02-Aug-2013 1 USD 62.3461 61.8195 61.5160 61.4343 60.8025 61.1150 61.3940 61.5355 60.8220 60.8035 1 GBP 97.3721 96.5682 94.9869 95.0757 94.2074 94.7710 94.1723 94.3708 92.9664 91.9531 1 EURO 83.0686 82.4510 81.6266 81.7770 81.0345 81.5420 81.6990 81.5785 80.7335 80.3655 100 YEN 63.8300 63.2900 62.5600 63.0900 63.0700 63.4400 63.2200 62.4900 61.7700 61.0400

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JPY/INR DAILY TECHNICAL LEVELS

JPY /INR FOUR HOURLY CANDLESTICK CHART

S2 63.3392

S1 63.9433

PIVOT 64.4667

R1 65.0708

R2 65.5942

TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed level @64.5475. If JPY/INR sustain above level @65.00 then touch the level @65.48 and @65.72 respectively.

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NEAR TERM OUTLOOK FOR YEN:

JPY/ INR July futures contract (NSE)

View: Bullish on JPY

Buy above 65.00

Market Lot: JPY 1000

Target: 65.48/ 65.72

Stop Loss: 64.00

Support: S1/ S2: 63.9433 / 63.3392

Resistance: R1/R2: 65.0708 / 65.5942

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