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Daily Technical Levels from FXCC 13 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 13, 2011.

  1. alayoua

    alayoua Banned

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    Daily Technical Levels from FXCC – 13 Sep 2011


    EUR/USD
    Intraday Technical Levels:
    Pivot: 1.3555.
    Preference: LONG positions @ 1.3565 with 1.3785 & 1.388 in sight.
    Alternative Scenario: The downside penetration of 1.3555 will call for 1.3495 & 1.341.
    Comment: the RSI broke above a declining trend line.

    USD/JPY
    Intraday Technical Levels:
    Pivot: 77.40.
    Preference: SHORT positions @ 77.3 with 76.75 & 76.55 as next targets.
    Alternative Scenario: The upside breakout of 77.4 will open the way to 77.65 & 77.85.
    Comment: the upward potential is likely to be limited by the resistance at 77.4.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.5785.
    Preference: LONG positions @ 1.5795 with 1.589 & 1.5925 as next targets.
    Alternative Scenario: The downside penetration of 1.5785 will call for a slide towards 1.5695 & 1.566.
    Comment: the pair remains capped by a key declining trend line but has broken above an intraday bearish channel resistance.

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

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