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Update Daily Technical Levels from FXCC 14 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 14, 2011.

  1. alayoua

    alayoua Banned

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    Update Daily Technical Levels from FXCC 14 Sep 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.367
    Preference: Long positions above 1.367 with targets @ 1.379 & 1.388 in extension.
    Alternative Scenario: Below 1.367 look for further downside with 1.359 & 1.3555 as targets.
    Comment: the break above 1.367 is a positive signal that has opened a path to 1.379.

    USD/JPY
    Intraday Technical Levels:

    Pivot: 77.1
    Preference: Short positions below 77.1 with targets @ 76.75 & 76.55 in extension.
    Alternative Scenario: Above 77.1 look for further upside with 77.4 & 77.65 as targets.
    Comment: a key declining trend line maintains downward pressure.

    GBP/USD
    Intraday Technical Levels:

    Pivot: 1.576
    Preference: Long positions above 1.576 with targets @ 1.587 & 1.589 in extension.
    Alternative Scenario: Below 1.576 look for further downside with 1.5705 & 1.566 as targets.
    Comment: the RSI has just broken above a bearish trend line.

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

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