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Update Daily Technical Levels from FXCC 19 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 19, 2011.

  1. alayoua

    alayoua New Member

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    Update Daily Technical Levels from FXCC 19 Aug 2011

    EUR/USD
    Intraday Technical Levels:


    Pivot: 1.4270
    Preference: Long positions above 1.427 with targets @ 1.4375 & 1.442 in extension.
    Alternative Scenario: Below 1.427 look for further downside with 1.4225 & 1.4175 as targets.
    Comment: the pair is posting a rebound and is challenging its resistance, the RSI is well directed.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 76.8
    [FONT=&quot]Preference: [/FONT] Short positions below 76.8 with targets @ 76.3 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 76.8 look for further upside with 77 & 77.2 as targets.
    [FONT=&quot]Comment: [/FONT]the pair has struck against its resistance and remains under pressure.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 1.645
    [FONT=&quot]Preference: [/FONT] Long positions above 1.645 with targets @ 1.656 & 1.659 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.645 look for further downside with 1.64 & 1.635 as targets.
    [FONT=&quot]Comment: [/FONT] the pair is on the upside and is challenging its resistance, the RSI is well directed.

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