Daily Forex and Commodities Technical Briefing
By Ava FX Analysts Department
posted 7:24 05/11/11
| British Pound Rates
 
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Euro

Initial support is seen at 1.4255 (May 9 low) followed by 1.4205 (Apr 19 low). Initial resistance is located at 1.4500 (Big Figure Resistance) followed by 1.4756 (61.8% retrace of 1.4940-1.4457)

Yen

Initial support is at 80.00 (Big Figure support) followed by 78.83 (Mar 18 low). Initial resistance is at 81.28 (May 3 low) followed by 81.69 (May 2 High).

Cable

Initial support is at 1.6308 (Apr 20 low ) followed by 1.6246 ( low). Initial resistance is at 1.6544 (May 5 high) followed by 1.6661 (May 3 high).

Aussie

Initial support is located at 1.0579 (May 6 low) followed by the 1.0443 (Apr 19 low). Initial resistance is at 1.0878 (May 4 high) followed by 1.0953 (May 3 high).

Gold

Initial support is seen at 1500 (Big Figure support) followed by 1471 (May 6 low). Initial resistance is at 1533 (May 22 high) followed by 1551 (May 3 high).

Oil

Initial support is at 100.00 (Intraday Support) followed by 97.00 (Intraday Support). Initial resistance is at 105.00 (Intraday resistance) followed by 107.00 (Intraday Resistance).

 
 
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