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Update 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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    Update Daily Technical Levels from FXCC 18 Aug 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.435
    Preference: Long positions above 1.435 with targets @ 1.4415 & 1.445 in extension.
    Alternative Scenario: Below 1.435 look for further downside with 1.431 & 1.4275 as targets.
    Comment: the pair is pulling back on its support, the RSI calls for caution.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 77.00
    [FONT=&quot]Preference: [/FONT]Short positions below 77 with targets @ 76.3 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.2 & 77.5 as targets.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance and remains under pressure.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6475
    [FONT=&quot]Preference: [/FONT] Long positions above 1.6475 with targets @ 1.655 & 1.659 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.6475 look for further downside with 1.6425 & 1.64 as targets.
    [FONT=&quot]Comment: [/FONT] the pair is pulling back on its MT rising trend line, the RSI calls for caution.

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