FX Daily - Alpari UK
FX Daily - Alpari UK
FX Daily - Alpari UK
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alpari.research<br />
<strong>FX</strong> <strong>Daily</strong><br />
Technical Research<br />
<strong>FX</strong> <strong>Daily</strong><br />
Technical Analysis<br />
8 th June 2011<br />
Technical Reports for EUR/USD<br />
EUR/USD ST: the upside prevails.<br />
<strong>Alpari</strong> Forex (India) Pvt. Ltd.<br />
76 C, 3 North Avenue<br />
Maker Maxity, Bandra Kurla Complex<br />
Bandra East, Mumbai 400 051<br />
+91-22-6156 3000<br />
+91-22-6156 3001<br />
info@alpari.co.in<br />
www.alpari.co.in<br />
T<br />
F<br />
E<br />
W<br />
Pivot: 1.4620<br />
Our preference: LONG positions @ 1.463 with 1.47 & 1.4755 in sight.<br />
Alternative scenario: The downside penetration of 1.462 will call for a slide towards 1.459 & 1.4555.<br />
Comment: the pair has rebounded on its MT bullish channel lower boundary and should post further<br />
advance.<br />
Support & Resistance:<br />
1.4825** Intraday resistance<br />
1.4755** Intraday resistance<br />
1.47*** Intraday resistance<br />
1.4671 Last<br />
1.462** Intraday pivot point<br />
1.459** Intraday support<br />
1.4555*** Intraday support
alpari.research<br />
Technical Reports for GBP / USD<br />
GBP/USD ST: The upside prevails.<br />
Our pivot point stands at 1.6380<br />
Our preference: LONG positions @ 1.639 with 1.646 & 1.65 in sight.<br />
Alternative scenario: The downside penetration of 1.638 will call for a slide towards 1.635 & 1.631.<br />
Comment: The RSI is supported by a rising trend line, the pair stands above its support.<br />
Support & Resistance:<br />
1.655*** Intraday resistance<br />
1.65** Intraday resistance<br />
1.646*** Intraday resistance<br />
1.642 Last<br />
1.638** Intraday pivot point<br />
1.635** Intraday support<br />
1.631*** Intraday support<br />
<strong>FX</strong> <strong>Daily</strong>
alpari.research<br />
Technical Reports for USD/JPY<br />
USD/JPY ST: Capped by a negative trend line.<br />
Our pivot point is at 80.40<br />
Our preference: SHORT positions @ 80.35 with targets @ 79.75 & 79.6.<br />
Alternative scenario: The upside penetration of 80.4 will call for 80.7 & 81.<br />
Comment: The pair remains within a bearish channel.<br />
Support & Resistance:<br />
81** Intraday resistance<br />
80.7*** Intraday resistance<br />
80.4*** Intraday pivot point<br />
80.08 Last<br />
79.75*** Intraday support<br />
79.6** Intraday support<br />
79.45** Intraday support<br />
Disclaimer:<br />
<strong>Alpari</strong> Forex (India) Pvt. Ltd. is a 100% fully owned subsidiary of <strong>Alpari</strong> (<strong>UK</strong>). <strong>Alpari</strong> (<strong>UK</strong>) provides an execution-only service. The material contained<br />
here does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or<br />
solicitation for, a transaction in any financial instrument. <strong>Alpari</strong> (<strong>UK</strong>) accepts no responsibility for any use that may be made of these comments<br />
and for any consequences that result. This communication must not be reproduced or further distributed. All information in this publication has<br />
been compiled from publically available sources that are believed to be reliable; however we cannot guarantee the accuracy of all information. All<br />
information and documentation associated with this report has been produced for the purposes of providing the report only. Please remember<br />
that trading financial markets carries a high degree of risk to your capital. It is possible to lose more than your initial stake. Leveraged products<br />
may not be suitable for all investors, therefore please ensure you fully understand the risks involved, and seek independent advice if necessary.<br />
<strong>FX</strong> <strong>Daily</strong>
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