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Update Daily Technical Levels from FXCC 25 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 25, 2011.

  1. alayoua

    alayoua Banned

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    Update Daily Technical Levels from FXCC 25 Aug 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.4400
    Preference: Long positions above 1.44 with targets @ 1.448 & 1.4515 in extension.
    Alternative Scenario: Below 1.44 look for further downside with 1.4375 & 1.4345 as targets.
    Comment: the pair is rebounding on its new support and should post further advance.
    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 76.85
    [FONT=&quot]Preference: [/FONT] Long positions above 76.85 with targets @ 77.25 & 77.5 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Below 76.85 look for further downside with 76.7 & 76.45 as targets.
    [FONT=&quot]Comment: [/FONT] the RSI is supported by a rising trend line, the pair stands above its new support.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 1.64
    [FONT=&quot]Preference: [/FONT] Short positions below 1.64 with targets @ 1.6345 & 1.6325 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 1.64 look for further upside with 1.6425 & 1.6475 as targets.
    [FONT=&quot]Comment: [/FONT] the pair is posting a rebound but stands below its resistance.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing
     

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