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Daily Technical Levels from FXCC 18 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 18, 2011.

  1. alayoua

    alayoua New Member

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    Daily Technical Levels from FXCC 18 Aug 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.4350.
    Preference: LONG positions @ 1.436 with 1.445 & 1.4475 in sight.
    Alternative Scenario: The downside breakout of 1.435 will open the way to 1.431 & 1.4275.
    Comment: the pair is pulling back on its support ahead of a rebound.

    USD/JPY

    Intraday Technical Levels:

    Pivot: 77.00.
    Preference: SHORT positions @ 76.95 with 76.3 & 76 as next targets.
    Alternative Scenario: The upside breakout of 77 will open the way to 77.2 & 77.5.
    Comment: the pair stands below its resistance and remains under pressure.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.6475.
    Preference: LONG positions @ 1.6485 with targets @ 1.655 & 1.659.
    Alternative Scenario: The downside breakout of 1.6475 will open the way to 1.64 & 1.636.
    Comment: the pair is pulling back on its MT rising trend line ahead of further advance.


    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing http://www.fxcc.com
     
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