This Indian forex report provides analysis and trading strategies for the Indian forex market. It includes the daily reference rates from the RBI, technical levels and charts for JPY/INR, and a bearish outlook recommending selling JPY below 63.50 with targets of 63.18 and 62.80. The report is published by Epic Research and contains daily news and analysis to help traders make decisions in the NSE-FX and MCX-SX markets.

1. INDIAN FOREX REPORT
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
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.

2. INDIAN FOREX DAILY NEWSLETTER
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FOREX TECHICAL REPORT……!!!!
16- SEPTEMBER-2013, MONDAY

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RBI DAILY REFRENCE RATES
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
13-Sep-2013 63.7890 100.7037 84.6675 63.8800
12-Sep-2013 63.6673 100.7089 84.7230 64.1000
11-Sep-2013 63.9035 100.4691 84.6510 63.6800
10-Sep-2013 64.2162 100.8259 85.2073 64.2800
06-Sep-2013 65.9600 102.9108 86.5828 66.0900
05-Sep-2013 66.0430 103.1063 86.9940 66.1800
04-Sep-2013 67.0289 104.3171 88.2374 67.1800
03-Sep-2013 66.8875 103.9499 88.0950 67.1800
02-Sep-2013 65.8608 102.5189 87.0575 66.8400
30-Aug-2013 66.5742 103.3431 88.1605 67.8300

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JPY/INR DAILY TECHNICAL LEVELS
JPY/INR DAILY CANDLESTICK CHART
S2 – 63.1700 S1 – 63.5325 PIVOT – 64.1275 R1 – 64.4900 R2 – 65.0850
TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed @63.8950. If JPY/INR breaks the level of 63.50 then it can touch the level of @63.18
and @62.80 respectively.

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NEAR TERM OUTLOOK FOR YEN:
JPY/ INR July futures contract (NSE) View: Bearish on JPY
Sell below 63.50 Market Lot : JPY 1000
Target : 63.18 / 62.80 Stop Loss : 64.50
Support: S1/ S2 : 63.5325 / 63.1700 Resistance : R1/R2: 64.4900 / 65.0850

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