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Daily Forex Report by www.epicresearch.co 3rd September 2013

Monday, September 2, 2013 22:51

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HEADLINES

RBI DAILY REFRENCE RATES

Trade Date	1 USD	1 GBP	1 EURO	100 YEN
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
20-Aug-2013	63.7335	99.7875	85.0698	65.5100

GBP/INR DAILY TECHNICAL LEVELS

GBP/INR FOUR HOURLY CANDLESTICK CHART

S2 – 102.2125

S1 – 103.0250

PIVOT – 103.5850

R1 – 104.3975

R2 – 104.9575

GBP/INR (NSE/MCX-SX) has closed at the level of @103.8375. If GBP/INR sustains above the level of @104.00 then it can touch the level of @104.37 and @105.39 respectively.

NEAR TERM OUTLOOK FOR POUND: GBP/ INR July futures contract (NSE)	View: Bullish on GBP
Buy above 104.00	Market Lot: GBP 1000
Target: 104.37 / 105.39	Stop Loss: 103.25
Support: S1/ S2: 103.0250 / 102.2125	Resistance: R1/R2: 104.3975 / 104.9575

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