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Day: July 16, 2011
July 162011
Forex Technical Analysis for Week 07/18—07/22
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3455 1.3646 1.3900 1.4091 1.4345 1.4536 1.4790 GBP/USD 1.5464 1.5621 1.5877 1.6034 1.6290 1.6447 1.6703 USD/JPY 75.75 77.11 78.11 79.47 80.47 81.83 82.83 EUR/JPY 104.27 106.92 109.46 112.11 114.65 117.30 119.84 GBP/JPY 120.59 122.71 125.17 127.29 129.75 […]
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July 162011
Second Week of Gains for Yen, Will BOJ Intervene?
The Japanese yen posted a second week of gains as concerns the debt problems in the US and Europe made the currency more appealing as a safe haven. Worries about the sovereign-debt crisis intensified after the major rating agencies warned that the rollover of the Greek debt would be considered a default and spoke about possibility of the US credit rating downgrade. The yen climbed against the greenback on the speculation that the Federal Reserve will embark on a next round of the quantitative […]
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