This technical report provides daily reference exchange rates for the Indian rupee (INR) against the US dollar, British pound, euro, and Japanese yen from November 14th to October 31st. It also includes a daily technical analysis of the GBP/INR exchange rate, identifying support and resistance levels and recommending a bullish outlook on the British pound above 101.90. A near-term trading strategy is suggested to target exchange rate levels of 102.10 and 102.30. Contact information is provided at the end.

1. FOREX TECHNICAL REPORT……!!!!
18- NOVEMBER-2013, MONDAY

2. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
14-Nov-2013
63.0645
101.1492
84.9475
63.3100
13-Nov-2013
63.6545
101.1661
85.5502
63.9400
12-Nov-2013
63.5930
101.5580
85.1515
63.8500
11-Nov-2013
63.2955
101.3614
84.5950
63.9700
08-Nov-2013
62.7315
100.9224
84.0625
63.9400
07-Nov-2013
62.5740
100.6252
84.6225
63.4600
06-Nov-2013
61.9225
99.5961
83.6375
62.8100
05-Nov-2013
61.7880
98.6569
83.4190
62.7400
01-Nov-2013
61.9046
99.1897
83.8775
63.2100
31-Oct-2013
61.4100
98.2867
84.1245
62.4400
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3. INDIAN FOREX DAILY NEWSLETTER
GBP/INR DAILY TECHNICAL LEVELS
GBP/INR DAILY CANDLESTICK CHART
S2 – 100.8608
S1 – 101.2367
PIVOT – 101.5333
R1 – 101.9092
R2 – 102.2058
TECHNICAL OUTLOOK:
GBP/INR (NSE/MCX-SX) has closed @101.6125. If GBP/INR sustains above the level of @101.90 then it can touch the
level of @102.10 and @102.30 respectively.
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4. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR POUND:
GBP / INR Nov futures contract (NSE)
View : Bullish on GBP
Buy above 101.90
Market Lot : GBP 1000
Target : 102.10 / 102.30
Stop Loss : 101.30
Support: S1/ S2 : 101.2367 / 100.8608
Resistance : R1/R2 : 101.9092 / 102.2058
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5. INDIAN FOREX DAILY NEWSLETTER
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6. INDIAN FOREX DAILY NEWSLETTER
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