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Update - Daily Technical Levels from FXCC – 19 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 19, 2011.

  1. alayoua

    alayoua Banned

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    Update - Daily Technical Levels from FXCC – 19 Sep 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.3715
    Preference: Short positions below 1.3715 with targets @ 1.359 & 1.3555 in extension.
    Alternative Scenario: Above 1.3715 look for further upside with 1.3775 & 1.3835 as targets.
    Comment: the RSI is capped by a declining trend line, the pair has struck against its new resistance and remains on the downside.

    USD/JPY Intraday Technical Levels:

    Pivot: 76.9
    Preference: Short positions below 76.9 with targets @ 76.6 & 76.4 in extension.
    Alternative Scenario: Above 76.9 look for further upside with 77.05 & 77.25 as targets.
    Comment: the pair has broken below a bearish flag lower boundary and should face further weakness.

    GBP/USD Intraday Technical Levels:

    Pivot: 1.577
    Preference: Short positions below 1.577 with targets @ 1.5685 & 1.565 in extension.
    Alternative Scenario: Above 1.577 look for further upside with 1.5825 & 1.587 as targets.
    Comment: the pair stands below its new resistance and remains within a MT bearish channel.

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

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