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Daily Technical Levels from FXCC 11 Aug 2011
Daily Technical Levels from FXCC 11 Aug 2011 EUR/USD Intraday Technical Levels: Pivot: 1.4125. Preference: LONG positions @ 1.4135 with targets@ 1.4275 & 1.431. Alternative Scenario: The downside breakout of 1.4125 will open the way to 1.4085 & 1.4055. Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed. USD/JPY Intraday Technical Levels: Pivot: 77.20. Preference: SHORT positions @ 77.15 with targets @ 76.3 & 76. Alternative Scenario: The upside penetration of 77.2 will call for 77.75 & 78.3. Comment: the pair has struck against its resistance and remains under pressure. GBP/USD Intraday Technical Levels: Pivot: 1.6250. Preference: SHORT positions @ 1.624 with targets @ 1.611 & 1.6085. Alternative Scenario: The upside penetration of 1.625 will call for 1.63 & 1.6375. Comment: the pair is rebounding but remains within a bearish channel, the RSI is capped by a declining trend line. Daily Technical Levels from fxcc.com Source: |
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