INDIAN FOREX REPORT

INDEX WATCH: 1. RBI Reference Rate (USD/ GBP/ EURO/ YEN) 2. GBPINR Chart, Levels and Charts Justification. 3. Technical outlook of GBPINR. 4. Near Team Outlook for Pound.

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!!!!

30- AUGUST-2013, FRIDAY

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RBI DAILY REFRENCE RATES

Trade Date 29-Aug-2013 28-Aug-2013 27-Aug-2013 26-Aug-2013 23-Aug-2013 22-Aug-2013 21-Aug-2013 20-Aug-2013 19-Aug-2013 16-Aug-2013 1 USD 67.7060 68.3611 65.6675 64.2347 64.6880 65.4207 63.4605 63.7335 62.3461 61.8195 1 GBP 105.1406 106.0281 102.1983 100.0070 100.7968 102.0955 99.4172 99.7875 97.3721 96.5682 1 EURO 90.0295 91.4682 87.7460 85.9342 86.3035 87.3176 85.1205 85.0698 83.0686 82.4510 100 YEN 69.2200 70.2500 66.9500 65.2100 65.3200 66.6200 65.0200 65.5100 63.8300 63.2900

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GBP/INR DAILY TECHNICAL LEVELS

GBP/INR FOUR HOURLY CANDLESTICK CHART

S2 101.6542

S1 102.8583

PIVOT 105.0542

R1 106.2583

R2 108.4542

TECHNICAL OUTLOOK:
GBP/INR (NSE/MCX-SX) has closed at the level of @104.0625. If GBP/INR breaks the level of @103.60 then it can touch the level of @103.05 and @102.34 respectively.

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NEAR TERM OUTLOOK FOR POUND:

GBP/ INR July futures contract (NSE)

View: Bearish on GBP

Sell below 103.60 Target: 103.05 / 102.34

Market Lot: GBP 1000 Stop Loss: 104.60

Support: S1/ S2: 102.8583 / 101.6542

Resistance: R1/R2: 106.2583 / 108.4542

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