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Update Daily Technical Levels from FXCC 25 Aug 2011
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: Pivot: 76.85 Preference: Long positions above 76.85 with targets @ 77.25 & 77.5 in extension. Alternative Scenario: Below 76.85 look for further downside with 76.7 & 76.45 as targets. Comment: the RSI is supported by a rising trend line, the pair stands above its new support. GBP/USD Intraday Technical Levels: Pivot: 1.64 Preference: Short positions below 1.64 with targets @ 1.6345 & 1.6325 in extension. Alternative Scenario: Above 1.64 look for further upside with 1.6425 & 1.6475 as targets. Comment: the pair is posting a rebound but stands below its resistance. Daily Technical Levels from fxcc.com Source: |
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