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Update Daily Technical Levels from FXCC 23 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 23, 2011.

  1. alayoua

    alayoua New Member

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    Update Daily Technical Levels from FXCC 23 Aug 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.442
    Preference: Long positions above 1.442 with targets @ 1.4515 & 1.454 in extension.
    Alternative Scenario: Below 1.442 look for further downside with 1.4385 & 1.4345 as targets.
    Comment: the pair has struck against its resistance and is pulling back on its support ahead of further up move.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 77
    [FONT=&quot]Preference: [/FONT] Short positions below 77 with targets @ 76.4 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.25 & 77.5 as targets.
    [FONT=&quot]Comment: [/FONT] the pair remains under pressure and is approaching its support.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 1.649
    [FONT=&quot]Preference: [/FONT] Long positions above 1.649 with targets @ 1.6575 & 1.66 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 1.649 look for further downside with 1.645 & 1.641 as targets.
    [FONT=&quot]Comment: [/FONT] the pair is pulling back on its support ahead of a rebound.

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