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Daily Technical Levels from FXCC 02 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 2, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC 02 Sep 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4300.[/FONT]
    Preference: SHORT positions @ 1.429 with targets@ 1.425 & 1.422.
    Alternative Scenario: The upside breakout of 1.43 will open the way to 1.435 & 1.4385.
    Comment: [FONT=&quot]the pair RSI is capped by a declining trend line, the pair remains under pressure and should face further weakness.[/FONT]

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]77.00.
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with 76.75 & 76.6 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT] [FONT=&quot]The upside breakout of 77 will open the way to 77.2 & 77.35.[/FONT]
    [FONT=&quot]Comment: [/FONT][FONT=&quot]the pair has struck against its resistance and remains under pressure.[/FONT]

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6225.
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6215 with 1.616 & 1.613 in sight.
    [FONT=&quot]Alternative Scenario: [/FONT][FONT=&quot]The upside breakout of 1.6225 will open the way to 1.6255 & 1.6295.[/FONT]
    [FONT=&quot]Comment: [/FONT] the pair and its intraday RSI remain capped by declining trend lines.

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

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