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Daily Technical Levels from FXCC 12 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 12, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC 12 Sep 2011


    EUR/USD
    Intraday Technical Levels:
    Pivot: 1.3650.
    Preference: SHORT positions @ 1.364 with 1.341 & 1.338 as next targets.
    Alternative Scenario: The upside breakout of 1.365 will open the way to 1.372 & 1.3785.
    Comment: the RSI is capped by a declining trend line, the pair stands below its new resistance and remains
    under pressure.

    USD/JPY
    Intraday Technical Levels:
    Pivot: 77.45.
    Preference: SHORT positions @ 77.35 with 76.7 & 76.4 as next targets.
    Alternative Scenario: The upside penetration of 77.45 will call for a rebound towards 77.65 & 77.9.
    Comment: the pair has broken below an ascending channel support.

    GBP/USD
    Intraday Technical Levels:
    Pivot: 1.5900.
    Preference: SHORT positions @ 1.589 with 1.581 & 1.575 in sight.
    Alternative Scenario: The upside penetration of 1.59 will call for a rebound towards 1.597 & 1.6.
    Comment: the pair remains capped by a key declining trend line and in an intraday bearish channel.

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

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