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Update - 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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    Update - Daily Technical Levels from FXCC 13 Sep 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.3555
    Preference: Long positions above 1.3555 with targets @ 1.3785 & 1.388 in extension.
    Alternative Scenario: Below 1.3555 look for further downside with 1.3495 & 1.341 as targets.
    Comment: the RSI is mixed with a bullish bias.

    USD/JPY
    Intraday Technical Levels:

    Pivot: 77.4
    Preference: Short positions below 77.4 with targets @ 76.75 & 76.55 in extension.
    Alternative Scenario: Above 77.4 look for further upside with 77.65 & 77.85 as targets.
    Comment: the break below 77.4 is a negative signal that has opened a path to 76.75.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.575
    Preference: Long positions above 1.575 with targets @ 1.587 & 1.589 in extension.
    Alternative Scenario: Below 1.575 look for further downside with 1.5695 & 1.5660 as targets.
    Comment: the RSI calls for a rebound.

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

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