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Update - Daily Technical Levels from FXCC – 2 Aug 2011

Discussion in 'Major Currency Crosses' started by amantrader2, Aug 2, 2011.

  1. amantrader2

    amantrader2 New Member

    Apr 8, 2011
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    Update - Daily Technical Levels from FXCC – 2 Aug 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.425
    Preference: Short positions below 1.425 with targets @ 1.415 & 1.4105 in extension.
    Alternative Scenario: Above 1.425 look for further upside with 1.4285 & 1.4345 as targets.
    Comment: the pair remains on the downside and is approaching its next support.

    USD/JPY Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]77
    [FONT=&quot]Preference: [/FONT]Long positions above 77 with targets @ 77.65 & 78.05 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 77 look for further downside with 76.7 & 76.3 as targets.
    [FONT=&quot]Comment: [/FONT]the pair is posting a rebound on its support, the RSI is mixed to bullish.

    GBP/USD Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6335
    [FONT=&quot]Preference: [/FONT]Short positions below 1.6335 with targets @ 1.6235 & 1.619 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT]Above 1.6335 look for further upside with 1.6375 & 1.643 as targets.
    [FONT=&quot]Comment: [/FONT]the pair has struck against its resistance and remains under pressure.

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

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