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Update Daily Technical Levels from FXCC 9 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 9, 2011.

  1. alayoua

    alayoua New Member

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    Update Daily Technical Levels from FXCC 9 Aug 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.43
    Preference: Short positions below 1.43 with targets @ 1.418 & 1.415 in extension.
    Alternative Scenario: Above 1.43 look for further upside with 1.435 & 1.44 as targets.
    Comment: the pair is challenging its resistance; the RSI is mixed to bearish.

    USD/JPY Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]77.55
    [FONT=&quot]Preference: [/FONT]Short positions below 77.55 with targets @ 77 & 76.7 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77.55 look for further upside with 77.95 & 78.25 as targets.
    [FONT=&quot]Comment: [/FONT]the pair is on the downside and is challenging its support.

    GBP/USD Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6385
    [FONT=&quot]Preference: [/FONT] Short positions below 1.6385 with targets @ 1.631 & 1.627 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 1.6385 look for further upside with 1.644 & 1.6475 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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