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Update Daily Technical Levels from FXCC 26 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 26, 2011.

  1. alayoua

    alayoua Banned

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    Update Daily Technical Levels from FXCC 26 Aug 2011

    EUR/USD
    Intraday Technical Levels:

    Pivot: 1.4375
    Preference: Long positions above 1.4375 with targets @ 1.4475 & 1.4515 in extension.
    Alternative Scenario: Below 1.4375 look for further downside with 1.433 & 1.429 as targets.
    Comment: the pair has struck against its resistance and is pulling back on its support.

    USD/JPY
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 77
    [FONT=&quot]Preference: [/FONT] Short positions below 77 with targets @ 76.5 & 76.3 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 77 look for further upside with 77.3 & 77.5 as targets.
    [FONT=&quot]Comment: [/FONT] the pair has broken below its support and remains under pressure.

    GBP/USD
    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT] 1.6345
    [FONT=&quot]Preference: [/FONT] Short positions below 1.6345 with targets @ 1.6225 & 1.617 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 1.6345 look for further upside with 1.64 & 1.6425 as targets.
    [FONT=&quot]Comment: [/FONT] the pair has struck against its strong resistance and is breaking below its support.

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

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