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Update Daily Technical Levels from FXCC 15 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 15, 2011.

  1. alayoua

    alayoua Banned

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    Update Daily Technical Levels from FXCC 15 Sep 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.37
    Preference: Long positions above 1.37 with targets @ 1.384 & 1.388 in extension.
    Alternative Scenario: Below 1.37 look for further downside with 1.365 & 1.3625 as targets.
    Comment: the RSI is supported by a rising trend line.

    USD/JPY Intraday Technical Levels:

    Pivot: 76.8
    Preference: Short positions below 76.8 with targets @ 76.4 & 75.95 in extension.
    Alternative Scenario: Above 76.8 look for further upside with 77.1 & 77.25 as targets.
    Comment: a key declining trend line maintains downward pressure.

    GBP/USD Intraday Technical Levels:
    Pivot: 1.578
    Preference: Long positions above 1.578 with targets @ 1.584 & 1.5870 in extension.
    Alternative Scenario: Below 1.578 look for further downside with 1.5735 & 1.5705 as targets.
    Comment: the break above 1.578 is a positive signal that has opened a path to 1.584.

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

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