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Daily Technical Levels from FXCC – 4 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 4, 2011.

  1. alayoua

    alayoua New Member

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    Daily Technical Levels from FXCC – 4 Aug 2011


    EUR/USD
    Intraday Technical Levels:


    Pivot: [FONT=&quot]1.4250.[/FONT]
    Preference: LONG positions @ 1.426 with targets @ 1.435 & 1.438.
    Alternative Scenario: The downside penetration of 1.425 will call for 1.42 & 1.415.
    Comment: the pair stands above its new support (50% Fibonacci retracement) and should post a rebound.

    USD/JPY
    Intraday Technical Levels:


    [FONT=&quot]Pivot: 78.40.[/FONT]
    [FONT=&quot]Preference: [/FONT]LONG positions @ 78.45 with 79.5 & 79.85 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The downside penetration of 78.4 will call for a slide towards 78 & 77.6.
    [FONT=&quot]Comment: [/FONT]the pair and its intraday RSI have broken above their declining trend lines.

    GBP/USD
    Intraday Technical Levels:


    [FONT=&quot]Pivot: 1.6400.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.639 with targets @ 1.633 & 1.6295.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.64 will call for 1.644 & 1.6475.
    [FONT=&quot]Comment: [/FONT]the RSI has broken below a rising trend line, the pair is under pressure.

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