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Daily Technical Levels from FXCC Aug 2011

UserPost

1:34 pm
August 1, 2011


alayoua

1

EUR/USD Intraday Technical Levels:

Pivot
: 1.4325.
Our Preference:
LONG positions @ 1.4335 with 1.442 & 1.4465 in sight.
Alternative Scenario:
The downside penetration of 1.4325 will call for 1.4275 & 1.4225.
Comment:
the RSI is supported by a rising trend line; the pair is on the upside and is approaching its next resistance.

USD/JPY Intraday Technical Levels:

Pivot: 77.25.
Our Preference:
LONG positions @ 77.3 with targets @ 78 & 78.3.
Alternative Scenario:
The downside penetration of 77.25 will call for a slide towards 77 & 76.75.
Comment:
the RSI has broken above its declining trend line; the pair is posting a rebound.

GBP/USD Intraday Technical Levels:

Pivot: 1.6375.
Our Preference:
LONG positions @ 1.6385 with 1.6475 & 1.651 as next targets.
Alternative Scenario:
The downside penetration of 1.6375 will call for a slide towards 1.632 & 1.626.
Comment:
the pair remains on the upside and is challenging its resistance.

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

10:24 am
August 2, 2011


GreatTradingSystems

2
Daily Technical Levels from FXCC 2 Aug 2011

EUR/USD Intraday Technical Levels:
Pivot: 1.4300
Preference: SHORT positions @ 1.429 with 1.4185 & 1.415 in sight.
Alternative Scenario: The upside breakout of 1.43 will open the way to 1.4345 & 1.44.
Comment: the pair stands below its resistance and should face a weakness as the RSI is badly directed.

USD/JPY Intraday Technical Levels:
Pivot: 77.00.
Preference: LONG positions @ 77.05 with 77.65 & 78.05 in sight.
Alternative Scenario: The downside breakout of 77 will open the way to 76.7 & 76.3.
Comment: the pair is on the upside and is challenging its resistance.

GBP/USD Intraday Technical Levels:
Pivot: 1.6335.
Preference: SHORT positions @ 1.6325 with targets @ 1.627 & 1.6235.
Alternative Scenario: The upside breakout of 1.6335 will open the way to 1.6375 & 1.643.
Comment: the pair is challenging its resistance but the RSI is mixed and calls for caution.

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


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