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Daily Technical Levels from FXCC 16 Aug 2011
Daily Technical Levels from FXCC 16 Aug 2011 EUR/USD Intraday Technical Levels: Pivot: 1.4375. Preference: LONG positions @ 1.4385 with targets @ 1.4475 & 1.454. Alternative Scenario: The downside penetration of 1.4375 will call for 1.4325 & 1.4275. Comment: the pair is pulling back on its new support ahead of a rebound, the RSI is supported by a rising trend line. USD/JPY Intraday Technical Levels: Pivot: 77.20. Preference: SHORT positions @ 77.15 with 76.5 & 76.3 as next targets. Alternative Scenario: The upside penetration of 77.2 will call for a rebound towards 77.5 & 77.75. Comment: the pair stands below its resistance and remains under pressure. GBP/USD Intraday Technical Levels: Pivot: 1.6325. Preference: LONG positions @ 1.6335 with 1.641 & 1.645 as next targets. Alternative Scenario: The downside breakout of 1.6325 will open the way to 1.6265 & 1.6235. Comment: the RSI is supported by a rising trend line, the pair should post a rebound on its new support. Daily Technical Levels from fxcc.com Source: |
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