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FOREX TECHICAL REPORT!!!!

25- OCTOBER-2013, FRIDAY

INDIAN FOREX DAILY NEWSLETTER

RBI DAILY REFRENCE RATES


Trade Date 24-Oct-2013 23-Oct-2013 22-Oct-2013 21-Oct-2013 18-Oct-2013 17-Oct-2013 15-Oct-2013 14-Oct-2013 11-Oct-2013 10-Oct-2013 1 USD 61.4105 61.5340 61.7800 61.4885 61.2760 61.5810 61.6929 61.3036 61.1570 62.1383 1 GBP 99.5280 99.7466 99.6573 99.4085 99.0281 98.5111 98.5914 97.9877 97.7656 99.0236 1 EURO 84.8150 84.7495 84.4855 84.1215 83.8010 83.4935 83.6735 83.1487 82.7795 83.8725 100 YEN 62.9900 63.1800 62.8600 62.6600 62.5200 62.5100 62.6600 62.4000 62.1500 63.5800

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JPY/INR DAILY TECHNICAL LEVELS


JPY/INR FOUR HOURLY CANDLESTICK CHART

S2 62.6658

S1 62.9117

PIVOT 63.1608

R1 63.4067

R2 63.6558

TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed @63.1575. If JPY/INR breaks the level of @62.95 then it can touch the level of @62.78 and @62.61 respectively.
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NEAR TERM OUTLOOK FOR YEN:

JPY / INR July futures contract (NSE)

View: Bearish on JPY

Sell below 62.95

Market Lot : JPY 1000

Target : 62.78 / 62.61

Stop Loss : 63.65

Support: S1/ S2 : 62.9117 / 62.6658

Resistance : R1/R2: 63.4067 / 63.6558

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