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Update - Daily Technical Levels from FXCC – 3 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 3, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
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    Update - Daily Technical Levels from FXCC – 3 Aug 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.425
    Preference: Long positions above 1.425 with targets @ 1.4345 & 1.438 in extension.
    Alternative Scenario: Below 1.425 look for further downside with 1.42 & 1.415 as targets.
    Comment: the pair is rebounding on its new support and should post further up move.

    USD/JPY Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]77.4
    [FONT=&quot]Preference: [/FONT]Short positions below 77.4 with targets @ 76.95 & 76.7 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77.4 look for further upside with 77.65 & 78.05 as targets.
    [FONT=&quot]Comment: [/FONT]the pair has struck against its resistance and remains on the downside.

    GBP/USD Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.633
    [FONT=&quot]Preference: [/FONT]Long positions above 1.633 with targets @ 1.643 & 1.6475 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT]Below 1.633 look for further downside with 1.6295 & 1.625 as targets.
    [FONT=&quot]Comment: [/FONT]the pair remains on the upside and is challenging its resistance.

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

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