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Daily Technical Levels from FXCC – 1 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 1, 2011.

  1. alayoua

    alayoua New Member

    Joined:
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    EUR/USD Intraday Technical Levels:

    Pivot
    : 1.4325.
    Our Preference:
    LONG positions @ 1.4335 with 1.442 & 1.4465 in sight.
    Alternative Scenario:
    The downside penetration of 1.4325 will call for 1.4275 & 1.4225.
    Comment:
    the RSI is supported by a rising trend line; the pair is on the upside and is approaching its next resistance.

    USD/JPY Intraday Technical Levels:


    Pivot: 77.25.

    Our Preference:
    LONG positions @ 77.3 with targets @ 78 & 78.3.
    Alternative Scenario:
    The downside penetration of 77.25 will call for a slide towards 77 & 76.75.
    Comment:
    the RSI has broken above its declining trend line; the pair is posting a rebound.

    GBP/USD Intraday Technical Levels:


    Pivot: 1.6375.

    Our Preference:
    LONG positions @ 1.6385 with 1.6475 & 1.651 as next targets.
    Alternative Scenario:
    The downside penetration of 1.6375 will call for a slide towards 1.632 & 1.626.
    Comment:
    the pair remains on the upside and is challenging its resistance.

    Daily Technical Levels from fxcc.com

    Source: FX Central Clearing
     
    #1 alayoua, Aug 1, 2011
    Last edited: Aug 1, 2011
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