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Daily Technical Levels from FXCC 2 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 2, 2011.

  1. alayoua

    alayoua New Member

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    Daily Technical Levels from FXCC 2 Aug 2011


    EUR/USD Intraday Technical Levels:

    Pivot: 1.4300
    Preference: SHORT positions @ 1.429 with 1.4185 & 1.415 in sight.
    Alternative Scenario: The upside breakout of 1.43 will open the way to 1.4345 & 1.44.
    Comment: the pair stands below its resistance and should face a weakness as the RSI is badly directed.


    USD/JPY Intraday Technical Levels:

    Pivot: 77.00.
    Preference: LONG positions @ 77.05 with 77.65 & 78.05 in sight.
    Alternative Scenario: The downside breakout of 77 will open the way to 76.7 & 76.3.
    Comment: the pair is on the upside and is challenging its resistance.

    GBP/USD Intraday Technical Levels:

    Pivot: 1.6335.
    Preference: SHORT positions @ 1.6325 with targets @ 1.627 & 1.6235.
    Alternative Scenario: The upside breakout of 1.6335 will open the way to 1.6375 & 1.643.
    Comment: the pair is challenging its resistance but the RSI is mixed and calls for caution.

    Daily Technical Levels from fxcc.com

    Source: FX Central Clearing
     
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