The document is an Epic Research Report providing a daily analysis of the international forex market on 03-Nov-2014. It summarizes movements in the USD/JPY and GBP/USD currency pairs. For USD/JPY, it notes that the pair rose 2.60% after the Bank of Japan unexpectedly increased monetary stimulus. For GBP/USD, it discusses minor declines for the pair as the US dollar strengthened on positive US economic data, while consumer spending slowed. It concludes with intraday technical analysis and trade recommendations for both currency pairs.

1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
03-NOV-2014
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2. INTERNATIONAL CURRENCY BUZZ
Forex-Dollar climbs to nearly 4-week highs on U.S. Optimism.
Forex- Pound edges lower against stronger dollar.
Forex- USD/JPY soars as Japan surprises with fresh stimulus
USD/JPY
USD/JPY was up 2.60% at 112.05, up from a session low of 109.18 and off a high of 112.48.The pair was expected
to test support at 109.18, the session low, and resistance at 112.48, the session.The yen came under broad selling
pressure after the BOJ said it would raise its monetary base target to an annual increase of ¥80 trillion from ¥60-70
trillion, a preemptive move to steer the economy away from deflationary decline while improving the chances of
reaching inflation goals.Adding to pressure, a Japanese government panel overseeing the Government Pension
Investment Fund approved plans on Friday for the fund to raise its holding of foreign stocks to 25% of its portfolio
from 12%..
GBP/USD
GBP/USD hit 1.5961 during European morning trade, the session low; the pair subsequently consolidated at
1.5976, slipping 0.15%.The pair was likely to find support at 1.5873, the low of October 15 and a one-year low and
resistance at 1.6100, the high of October 24.The dollar strengthened on signs the U.S. economic recovery is on
track after the Commerce Department reported that U.S. gross domestic product grew at an annual rate of 3.5% in
the three months to September, beating forecast for 3%.But consumer spending slowed to 1.8% from 2.5% in the
second quarter, and fixed investment spending also declined from the previous quarter, pointing to slackening
domestic demand.A separate report showed that the number of Americans filing new claims for jobless benefits
rose for a second week last week, but underlying trends still pointed to a recovery in the labor market.
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3. DAILY ECONOMIC DATA
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4. INTRADAY OUTLOOK
Support:111.92
Resistance: 112.48
EPIC'S ANALYST SPEAKS
EUR/USD Hourly Chart
USD/JPY Hourly Chart
RECOMMENDATION:
1. Buy USD/JPY Above 112.50-TG:112.70/113.00 SL 112.20
2. Sell USD/JPY Below 111.90-TG:111.70/111.40 SL 112.20
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5. EPIC'S ANALYST SPEAKS
GBP/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.5982
Immediate Resistance: 1.6036
RECOMMENDATION:
1. Buy GBP/USD Above 1.6038-TG:1.6058/1.6088 SL 1.6008
2. Sell GBP/USD Below 1.5980-TG:1.5960/1.5930 SL 1.6010
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