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Daily Technical Levels from FXCC 08 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 8, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC 08 Sep 2011


    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.4110.
    Preference: SHORT positions @ 1.41 with 1.401 & 1.3975 in sight.
    Alternative Scenario: The upside penetration of 1.411 will call for a rebound towards 1.415 & 1.42.
    Comment: the pair stands below its resistance and remains under pressure.

    USD/JPY
    Intraday Technical Levels:

    Pivot: 77.50.
    Preference: SHORT positions @ 77.45 with 77.05 & 76.8 in sight.
    Alternative Scenario: The upside penetration of 77.5 will call for 77.7 & 77.85.
    Comment: the pair is posting a rebound but stands below its resistance.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.6000.
    Preference: SHORT positions @ 1.599 with 1.5915 & 1.5875 in sight.
    Alternative Scenario: The upside breakout of 1.6 will open the way to 1.6055 & 1.61.
    Comment: the pair is capped by a declining trend line and remains under pressure, the RSI is mixed to bearish.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing ECN Forex Trading | ECN Forex Broker | Forex Trading Accounts | FXCC
     

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