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Update Daily Technical Levels from FXCC 05 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 5, 2011.

  1. alayoua

    alayoua Banned

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    Update Daily Technical Levels from FXCC 05 Sep 2011

    EUR/USD

    Intraday Technical Levels:


    Pivot
    : 1.418
    Preference:
    Short positions below 1.418 with targets @ 1.41 & 1.405 in extension.
    Alternative Scenario:
    Above 1.418 look for further upside with 1.423 & 1.43 as targets.
    Comment:
    the pair stands below its resistance and remains under pressure as the RSI is capped by a MT declining trend line.

    USD/JPY

    Intraday Technical Levels:


    [FONT=&quot]Pivot: [/FONT]
    77
    [FONT=&quot]Preference: [/FONT]
    Short positions below 77 with targets @ 76.6 & 76.45 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT]
    Above 77 look for further upside with 77.2 & 77.35 as targets..
    [FONT=&quot]Comment: [/FONT]
    the pair is posting a rebound but stands below its resistance.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]
    1.619
    [FONT=&quot]Preference: [/FONT]
    Short positions below 1.619 with targets @ 1.6095 & 1.605 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT]
    Above 1.619 look for further upside with 1.6225 & 1.6255 as targets.
    [FONT=&quot]Comment: [/FONT]
    the pair remains capped by a declining trend line and is challenging its support.

    Daily Technical Levels from fxcc.com

    Source: FX Central Clearing
     

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