2012.08.22 05:43:23 MARKET TALK: USD/INR Lower; 55.40 Support Tipped

GBP/JPY intraday: intraday support around 124.85.

Update on supports and resistances.
Pivot: 124.85

Our preference: Long positions above 124.85 with targets @ 125.45 &
125.8 in extension.

Alternative scenario: Below 124.85 look for further downside with
124.45 & 124.15 as targets.

Comment: a support base at 124.85 has formed and has allowed for a
temporary stabilisation.

Key levels
126.45
125.8
125.45
125.026 last
124.85
124.45
124.15

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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

20.08.2012 00:02 Up