This daily newsletter provides a technical analysis of the Indian forex market. It includes the RBI reference rates for major currencies, a chart and analysis of JPY/INR levels, and a near-term bullish outlook on the yen with buy recommendations and price targets. The report is intended to help traders make decisions in the Indian forex market.

1. 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

2. INDIAN FOREX DAILY NEWSLETTER
FOREX TECHICAL REPORT……!!!!
04- SEPTEMBER-2013, WEDNESDAY
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3. INDIAN FOREX DAILY NEWSLETTER
RBI DAILY REFRENCE RATES
Trade Date
1 USD
1 GBP
1 EURO
100 YEN
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
29-Aug-2013
67.7060
105.1406
90.0295
69.2200
28-Aug-2013
68.3611
106.0281
91.4682
70.2500
27-Aug-2013
65.6675
102.1983
87.7460
66.9500
26-Aug-2013
64.2347
100.0070
85.9342
65.2100
23-Aug-2013
64.6880
100.7968
86.3035
65.3200
22-Aug-2013
65.4207
102.0955
87.3176
66.6200
21-Aug-2013
63.4605
99.4172
85.1205
65.0200
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4. INDIAN FOREX DAILY NEWSLETTER
JPY/INR DAILY TECHNICAL LEVELS
JPY/INR DAILY CANDLESTICK CHART
S2 – 66.4475
S1 – 67.7350
PIVOT – 68.4725
R1 – 69.7600
R2 – 70.4975
TECHNICAL OUTLOOK:
JPY/INR (NSE/MCX-SX) has closed at the level of @69.0225. If JPY/INR sustains above the level of @69.30 then it can
touch the level of @69.88 and @70.75 respectively.
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5. INDIAN FOREX DAILY NEWSLETTER
NEAR TERM OUTLOOK FOR YEN:
JPY/ INR July futures contract (NSE)
View: Bullish on JPY
Buy above 69.30
Market Lot: JPY 1000
Target: 69.88 / 70.75
Stop Loss: 68.30
Support: S1/ S2: 67.7350 / 66.4475
Resistance: R1/R2: 69.7600 / 70.4975
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6. INDIAN FOREX DAILY NEWSLETTER
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7. INDIAN FOREX DAILY NEWSLETTER
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