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Update - Daily Technical Levels from FXCC – 20 Sep 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Sep 20, 2011.

  1. alayoua

    alayoua Banned

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    Update - Daily Technical Levels from FXCC – 20 Sep 2011

    EUR/USD Intraday Technical Levels:

    Pivot: 1.365
    Preference: Long positions above 1.365 with targets @ 1.375 & 1.3835 in extension.
    Alternative Scenario: Below 1.365 look for further downside with 1.3595 & 1.3555 as targets.
    Comment: the RSI is well directed, the contract is on the upside and is breaking above its resistance.

    USD/JPY Intraday Technical Levels:

    Pivot: 76.75
    Preference: Short positions below 76.75 with targets @ 76.4 & 76.3 in extension.
    Alternative Scenario: Above 76.75 look for further upside with 77.05 & 77.25 as targets.
    Comment: the pair stands below its resistance and remains under pressure.

    GBP/USD Intraday Technical Levels:
    Pivot: 1.574
    Preference: Short positions below 1.574 with targets @ 1.5675 & 1.563 in extension.
    Alternative Scenario: Above 1.574 look for further upside with 1.5770 & 1.5825 as targets.
    Comment: the pair is posting a rebound and is challenging its MT bearish channel upper boundary, the RSI calls for caution.

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

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