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Old 09-05-2011, 01:19 PM
alayoua alayoua is offline
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Join Date: Jul 2011
Posts: 537
Default Update Daily Technical Levels from FXCC 05 Sep 2011

Update Daily Technical Levels from FXCC 05 Sep 2011

EUR/USD

Intraday Technical Levels:


Pivot
: 1.418
Preference:
Short positions below 1.418 with targets @ 1.41 & 1.405 in extension.
Alternative Scenario:
Above 1.418 look for further upside with 1.423 & 1.43 as targets.
Comment:
the pair stands below its resistance and remains under pressure as the RSI is capped by a MT declining trend line.

USD/JPY

Intraday Technical Levels:


Pivot:
77
Preference:
Short positions below 77 with targets @ 76.6 & 76.45 in extension.
Alternative Scenario:
Above 77 look for further upside with 77.2 & 77.35 as targets..
Comment:
the pair is posting a rebound but stands below its resistance.

GBP/USD
Intraday Technical Levels:

Pivot:
1.619
Preference:
Short positions below 1.619 with targets @ 1.6095 & 1.605 in extension.
Alternative Scenario:
Above 1.619 look for further upside with 1.6225 & 1.6255 as targets.
Comment:
the pair remains capped by a declining trend line and is challenging its support.

Daily Technical Levels from fxcc.com

Source: FX Central Clearing
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